THE ASSESSEE HAS RECEIVED TWO GIFT BY CHEQUE AS UNDER
This query is : Resolved
10 August 2020
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"
2) ONE FROM FATHER'S LAW (ELDER BROTHER) RS. 5 LAC
QUESTION : WHETHER GIFT RECEIVED WILL BE CONSIDER AS RECEIVED FROM "RELATIVE OF GIFT"
11 August 2020
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
IN SECOND POINT DONOR IS NOT CLEAR. PLEASE CLARIFY IT
17 August 2020
In the Second Case, Gift will be exempt
20 August 2020
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"
2) ONE FROM FATHER IN LAW'S (BIG BROTHER) RS. 5 LAC QUESTION :
WHETHER GIFT RECEIVED WILL BE CONSIDER AS RECEIVED FROM "RELATIVE"
19 December 2021
1. Gift from cousin taxable. That from uncle of spouse is exempt (being Relative)
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