Income earned out of gift amt.rs.20,00,000/


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Querist : Anonymous

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Querist : Anonymous (Querist)
20 July 2013
Sir,

My Client wish to give gift her younger bother in law.(Husbands Young Brother)
Out of her capital.

wether she can give valid gift?
for income tax



20 July 2013 If I can say him- "Devar" -he is brother of her husband. She can give gift.

(It will be valid if her husband allows her to do so.)


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