Gift of immovable property !!!

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MANJUNATHA M.R (Querist)
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25 February 2021 Please advise me weather my wife gift immovable property to my sisters son? Weather my wife comes under the list of relatives as per Income Tax? Please advise valuable feedback in this regard.
Thanks in advance.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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26 February 2021 Your wife and your sister's son are not relative under income tax.

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MANJUNATHA M.R

MANJUNATHA M.R (Querist)
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26 February 2021 In such case She can gift the Property to my sister is it OK under Income Tax Act.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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26 February 2021 Yes, it's okay in such a case

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Gift of immovable property !!!

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