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Gift from daughter in law,

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(Querist)
13 May 2024 Shall the Father in law accepts gift from his daughter in law. with out paying the income tax.

Please give your valuable advise,
Thanks in advance
K.B.Nagesha Rao.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
13 May 2024 yes. it is exempt from tax.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
13 May 2024 Yes, Gift received from DIL is tax exempt to father in law, as per sec. 56(2) of IT act.
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