GIFT
Querist : Anonymous
PLEASE REPLY AS EARLY AS POSSIBLE
(i) spouse of the individual;
(ii) brother or sister of the individual;
(iii) brother or sister of the spouse of the individual;
(iv) brother or sister of either of the parents of the individual;
(v) any lineal ascendant or descendant of the individual;
(vi) any lineal ascendant or descendant of the spouse of the individual;
(vii) spouse of the person referred to in clauses (ii) to (vi)
Your case falls in (vi) and hence not taxable.
Querist : Anonymous
Querist : Anonymous
AM I RIGHT SIR ??
You can also see this useful file from following link---
https://www.caclubindia.com/share_files/synopsis-of-taxability-of-gift-27904.asp
Querist : Anonymous
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