Monetary gift by married sister


This query is : Resolved 

Quick Summary
A query was raised regarding whether a monetary transfer from a married sister to her brother, intended as a gift with no expectation of repayment, would be legally recognised as such. The consensus from expert advice is that a transfer of funds from a married sister to her real brother can indeed be treated as a gift.

02 February 2022 Dear Sir,

Mrs X, who is married, is real sister of Mr. B. Mr B wants to purchase a flat. So he asks for monetary help to his sister. She also doesn't want her money back.
Can a transfer of X amount of money by Mrs X, who is a Married, to her real Brother be treated as gift?
Kindly guide me.

Regards,
Suraj

02 February 2022 Yes, it can treated as gift from relative

03 February 2022 Thank You CA R Seetharaman Sir.


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