Tax treatment of money received by daughter from her mother

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Dipankar Chakraborty (Querist)
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18 January 2016 If my wife received Rs. 2,50,000 /- from her mother i.w my mother in law then what will be the tax treatment? My mother in law received this amount from MIS maturatiry. But after receiving from her what will be the tax treatment in the hands of my wife?

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Guest

Guest (Expert)

18 January 2016 No tax for this - it is capital receipt.

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