Gift to brother's wife
This query is : Resolved
05 July 2016
Is the gift given to brother's wife free from income tax?
Does she come under the definition of "relative"?
Does she come under the definition of "relative"?
05 July 2016
yes its exempt for receipient. & for you
Message likes :
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14 July 2016
What would be taxability of the income arising out of it?(gift to relative that is exempted?
15 July 2016
income will taxable in hand of donor.
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