Gift from relatives
This query is : Resolved
20 March 2014
One of our client has received a Gift from his sister (Who is a Stepmother's daughter). (Client's father has two wife and she is his Stepmother's daughter). Whether this Gift is comes under relatives and he is eligible to claim Exemption u/s 56.
20 March 2014
law havent used any words for restricting from gifting to step relatives so in my view its allowed...
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