banner_ad

Release/gift to daughter in law by mother in law

This query is : Resolved 
Profile Image

Profile Image

(Querist)
08 April 2024 Mr.X died in an accident. His leagal heirs are his mother, his wife and his two major children. He purchased out of his own earnings in business during his life time a house and two shops in tamilnadu. Now his mother wants to transfer her unapportioned share to her daughter in law ( i.e., Mrs.X). Mr.X also have father , one brother and one sister. what mode whether release or gift of her share to be made to her daughter in law. Also applicable stamp duty and registration fee in tamilnadu for such transfer.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
08 April 2024 If a daughter-in-law receives a gift from her father-in-law or mother-in-law, the gift is exempt from tax but the income arising from that gift needs to be added to the income of the in-law who gave the gift
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details