Vijaykumar Chandrasekaran (43 Points)
14 August 2021Hi
I would like to understand if Brother-in-law gift money to Siater-in-law? If so is there a limit? Will there be any tax implications for the same.
Vijay
Deepak Kumar
(791 Points)
Replied 15 August 2021
Avtar Singh
(363 Points)
Replied 15 August 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 15 August 2021
Nidhi
(Chief Accountant)
(3150 Points)
Replied 17 August 2021
Vijaykumar Chandrasekaran
(43 Points)
Replied 20 August 2021
All thanks for confirming on relation context.
Mr Deepak Kumar your point is true for non-relatives from my understanding.
CAclubindia
