Regarding taxability of gift.
This query is : Resolved
04 January 2013
Sir,
I would like to know whether gift made by a father by cheque/dd to his son-in-law (i.e. the husband of his daughter), is it taxable in the hands of son-in-law
I would like to know whether gift made by a father by cheque/dd to his son-in-law (i.e. the husband of his daughter), is it taxable in the hands of son-in-law
Guest
Guest
(Expert)
04 January 2013
Gift from relatives is exempt from tax. So it will not attract any income tax.
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