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Family member gift


durairaj (manager)     08 November 2019

durairaj
manager 
 2 likes  19 points

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father in law and daughter in law are relative/ family members can father in law gift Rs 3 lakh to daughter in law?

avater

G Venkateshwarlu (Manager)     08 November 2019

G Venkateshwarlu
Manager 
 47 likes  299 points

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Yes FIL can gift to DIL without any tax liability over the gift; but clubbing provision applicable.

avater

Kapadia Pravin   08 November 2019

Kapadia Pravin

 915 likes  14283 points

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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.

1 Like
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N.RAJESH KUMAR (Others)     08 November 2019

N.RAJESH KUMAR
Others 
 34 points

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Yes sir. it is coorect

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Kapadia Pravin   08 November 2019

Kapadia Pravin

 915 likes  14283 points

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Thanks Mr. Rajesh
You may use like 👍 button
You can also use follow me button

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