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Gift by daughter in law

01 April 2023

Whether the gift from daughter in law to father in law exempt

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3 Replies

CA Aakarsh Jain (CA) (9531 Points)
Replied 01 April 2023

Yes, it is exempt

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sabyasachi mukherjee (18984 Points)
Replied 02 April 2023

Subject to a certain limit

Avtar Singh (363 Points)
Replied 07 April 2023

Gift will be taxable if it is more than 50000/because it is not in the definition of relative

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