gifts
This query is : Resolved
sanjay rastogi
(Querist)
10 August 2009
can someone tell me whether a gift from chacha /chachi/bua/phupaji
or mama/mami/mausi/mausaji
or bhatija
or bhanja
or brother in law saala
or father in law
or mother in law
or husband
or sister in law bhabhi is exempted. i know that it is exempted from brother, sister, father, son and grand father.
or mama/mami/mausi/mausaji
or bhatija
or bhanja
or brother in law saala
or father in law
or mother in law
or husband
or sister in law bhabhi is exempted. i know that it is exempted from brother, sister, father, son and grand father.
Aditya Maheshwari
(Expert)
11 August 2009
chacha /chachi - NOT TAXABLE (NT)
/bua/phupaji - NT
mama/mami/mausi/mausaji - NT
bhatija - Taxable
bhanja - Taxable
brother in law - NT
father in law - NT
mother in law - NT
husband - NT (but clubbing provisions applicable)
sister in law bhabhi - NT
/bua/phupaji - NT
mama/mami/mausi/mausaji - NT
bhatija - Taxable
bhanja - Taxable
brother in law - NT
father in law - NT
mother in law - NT
husband - NT (but clubbing provisions applicable)
sister in law bhabhi - NT
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