Gift from relative
This query is : Resolved
23 March 2014
If Gift Received By Father In Law To Daughter in Law, it is taxable or exempt ?
Ex. Father-in-law Name Xxx, Daughter-in-Law Name Yyy,
Mr. Xxxx Received Gift Rs.100000 From Mrs Yyyy Than It Is Taxable Or Exempt ?
Plz Give Me Your Vallue Added Ans.
Ex. Father-in-law Name Xxx, Daughter-in-Law Name Yyy,
Mr. Xxxx Received Gift Rs.100000 From Mrs Yyyy Than It Is Taxable Or Exempt ?
Plz Give Me Your Vallue Added Ans.
23 March 2014
yes should be exempted.
covered under definition of relative as spouse of lineal ascendant..
covered under definition of relative as spouse of lineal ascendant..
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