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Gift tax

This query is : Resolved 
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(Querist)
03 October 2012 Can daughter or son in law can give gift to mother or mother in law.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
03 October 2012 Yes Gift can be made and the same will be exempt in the hand of recipient.

Relatives u/s 56(2)(vii) from whom Gift is permissible under Income Tax Act, 1961
(i) spouse of the individual;
(ii) brother or sister of the individual;
(iii) brother or sister of the spouse of the individual;
(iv) brother or sister of either of the parents of the individual;
(v) any lineal ascendant or descendant of the individual;
(vi) any lineal ascendant or descendant of the spouse of the individual;
(vii) spouse of the person referred to in clauses (ii) to (vi)

Read more at: https://www.caclubindia.com/forum/relatives-u-s-56-2-vii-from-whom-gift-is-permissible--98674.asp#.UGviPpjMgl8
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