Gift tax

This query is : Resolved

Shirish Shah (Querist)
Follow

01 May 2016 hello sir,

I would like to know that whether gift received from son of spouse's sister (sali ka beta ) of rs. 100000 is tax free or taxable?

also tell me if my spouse's sister's husband (sadu) takes gift from his son & then gift that amount to me is tax free or taxable?

& if it is taxfree, can Income tax department raise any question?

regards:

girish shah.

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
Follow

04 May 2016 No.1, Sali ka beta is not covered under relative so any gift above Rs. 50000/- is fully taxable.
No.2, You can take gift from your sadu i.e. sister's husband as he is covered under relative but sadu first taking gift from his son and then making the same amount as gift to you may raise some income tax queries as to why the transaction was so routed. It is better to take gift from sali or sadu directly.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

velichety.l.narasimharao

Akhila Ajayan

Amit Bagla

GIRISH K SATTI

Ravi

Subscribe Now

Gift tax

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

GST CONSULTANT

Manager- Finance and Compliance

GST CONSULTANCY

CA Final

Article Assistant