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Family member gift
father in law and daughter in law are relative/ family members can father in law gift Rs 3 lakh to daughter in law?
Replies (4)
Yes FIL can gift to DIL without any tax liability over the gift; but clubbing provision applicable.
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.
Yes sir. it is coorect
Thanks Mr. Rajesh
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