Gift from daughter in law,

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This discussion clarifies whether a father-in-law needs to pay income tax on a gift received from his daughter-in-law. The advice provided confirms that such gifts are indeed exempt from tax under Section 56(2) of the Income Tax Act. Therefore, no tax liability arises for the recipient in this scenario.

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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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