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Family member gift

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manager
20 Points Posted on 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?
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On 08 November 2019 at 12:54 Report
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Manager
309 Points Posted on 08 November 2019

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

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On 08 November 2019 at 13:03
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17264 Points Posted on 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.
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On 08 November 2019 at 15:52
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Others
34 Points Posted on 08 November 2019
Yes sir. it is coorect
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On 08 November 2019 at 16:38
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17264 Points Posted on 08 November 2019
Thanks Mr. Rajesh
You may use like 👍 button
You can also use follow me button
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On 08 November 2019 at 16:59


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