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Gift from relative

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 December 2015 Whether gift received from an Individual

from his Brother's son is exempt?

Similarly,whether a woman can receive an

exempted gift from the son of her Brother

in law?
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CA CS LAVESH VASYANI

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CA CS LAVESH VASYANI (Expert)
04 December 2015 Borther's son is not covered under definition of relative for the purpose of gift in the Income Tax ACt.

A woman can not receive gift from son of her brother in law for the purpose of claiming exemption.
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