Income tax gift --> section 56-relative defiinition
This query is : Resolved
21 June 2023
can a lady's husband's brother's son gift to the lady a sum of rs.10 lakhs? (means nephew gift to his aunt)
my view --NO,
am i correct?
can man receive gift from father's brother's son? (means cousins)
my view - no.
am i correct?
my view --NO,
am i correct?
can man receive gift from father's brother's son? (means cousins)
my view - no.
am i correct?
CA R SEETHARAMAN
(Expert)
21 June 2023
Yes, you are right in both cases.
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