Gift from daughter in law to father in law
This query is : Resolved
08 December 2016
PLEASE SUGGEST WHETHER IMMOVABLE PROPERTY CAN BE TRANSFERRED THROUGH GIFT FROM DAUGHTER IN LAW(BAHOO) TO FATHER IN LAW(SASUR).
08 December 2016
Yes, it can be gifted by daughter in law to her father in law. No Gift Tax shall be attracted.
08 December 2016
Yes. It comes under the definition of relative
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