Gift received from daughters husband is taxable or not

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Pankaj (Querist)
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07 December 2022 Mr X received gift ( Resi.Plot ) from his daughters husband.

Daughters husband had purchases such plot of Rs 5 lakh &at the time of gift govt value of such plot is 15 lakh.
I have question that what will be the tax in the hand of Mr X after receiving the gift from daughters husband ?

& what will be the tax in the hand of daughters husband after giving the gift to his father in law ?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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07 December 2022 Gift received from SON IN LAW is exempt u/s. 56(2) of IT act.
No tax liability to either Father in law or son in law, for the gift transaction.

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