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THE ASSESSEE HAS RECEIVED TWO GIFT BY CHEQUE AS UNDER


1) ONE FROM COUSIN BROTHER (UNCLE'S SON) RS.5 LAC

2) ONE FROM FATHER'S LAW (ELDER BROTHER) RS. 5 LAC

QUESTION : WHETHER GIFT RECEIVED WILL BE CONSIDER AS RECEIVED FROM "RELATIVE OF GIFT"


IN the FIRST CASE, GIFT WILL NOT BE TREATED AS GIFT FROM RELATIVE. HENCE TAXABLE.
IN SECOND POINT DONOR IS NOT CLEAR. PLEASE CLARIFY IT

2ND POINT IS - FATHER'S BIG BROTHER

In the Second Case, Gift will be exempt

1) ONE FROM COUSIN BROTHER (UNCLE'S SON) RS.5 LAC
2) ONE FROM FATHER IN LAW'S (BIG BROTHER) RS. 5 LAC QUESTION :
WHETHER GIFT RECEIVED WILL BE CONSIDER AS RECEIVED FROM "RELATIVE"




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