Family member gift
durairaj (manager) (20 Points)
08 November 2019
father in law and daughter in law are relative/ family members can father in law gift Rs 3 lakh to daughter in law?
4 Replies
G. Venkatesh
(Manager)
(309 Points)
Replied 08 November 2019
Yes FIL can gift to DIL without any tax liability over the gift; but clubbing provision applicable.
Kapadia Pravin
(17264 Points)
Replied 08 November 2019
Giving gift within relative definition and hence Exempt from tax for Donee daughter-in-law.
But the Income clubbing provisions will apply in future years in the return of father-in-law.
But the Income clubbing provisions will apply in future years in the return of father-in-law.
Kapadia Pravin
(17264 Points)
Replied 08 November 2019
Thanks Mr. Rajesh
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