Gift from relative
This query is : Resolved
Querist : Anonymous
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?
from his Brother's son is exempt?
Similarly,whether a woman can receive an
exempted gift from the son of her Brother
in law?
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.
A woman can not receive gift from son of her brother in law for the purpose of claiming exemption.
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