Gift definition as per income tax act

Hello Members,

I have a question for Gift Definition as per Income tax act/rules.

Details of Family Member

X - individual tax payer (Salarized Person) - Female

Y - Husband of "X" - (Job less Person & So don't file any ITR now)

A - Father in law of "X" -  (Reguler Filled ITR-3) 

B - Smaller Brother of "A" - (Salarized Person Filed ITR - 1)

C - Wife of "B" -  (Reguler Filled ITR-3)

Now My Question was Can Person A,B & C gift some amount to person "X" through chq ?

If No than any other way to gift a amount ?????

B - 

Replies (2)
gift received by x from b and c will be taxable if aggregate amt exceeds 50000 in one fy gift from A will not be taxable since the same is received from relative. ( sec 56(2)(x). )

Present from spouse and children aren't taxable under the income Tax Act. As in keeping with the income Tax Act the following listing of people are described as a relative of an man or woman. Subsequently most effective cash received from the following humans will be exempt from income tax for an individual taxpayer. partner of the person. Animated Video Maker

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details