relative for taxability of gifts

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Kishan L. Agarwal

Kishan L. Agarwal (Querist)
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16 July 2008 Whether a son in law is relative for the purpose of non taxability of gift to him by father in law?

CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
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16 July 2008 Yes, in accordance to proviso to Section 56(2)(vi), the son in law is a relative and any amount of gift will not form part of his income.

CA. Sahendra Jaiswar

CA. Sahendra Jaiswar (Expert)
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16 July 2008 Yes, as per the definition of Section 2(41)relatives include any lineal ascedant or descendant of the individual, hence son in law is considered as relative.