Tax treatment of money received by daughter from her mother
This query is : Resolved
Dipankar Chakraborty
(Querist)
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?
Please reply.........
Please reply.........
Guest
Guest
(Expert)
18 January 2016
No tax for this - it is capital receipt.
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