banner_ad

Gift from daughter in law to father in law

Tax queries 7108 views 3 replies

Whether Cash Gift from Daughter in Law to her Father in Law is exempt under Income Tax?  whether gift deed/affidavit required in this case on stamp paper?

Replies (3)
Quick Summary
A cash gift from a daughter-in-law to her father-in-law is generally exempt under Section 56, as they fall within the definition of "relative." While not mandatory in all cases, preparing a gift deed or affidavit is advisable to establish the genuineness and source of the gift.

What type of Gift ???
it is cash gift . it is exempt bcoz Donor Donee fall in the definition of relative under section 56

relative" means,—

[i] in case of an individual—

[A] spouse of the individual;

[B] brother or sister of the individual;

[C] brother or sister of the spouse of the individual;

[D] brother or sister of either of the parents of the individual;

[E] any lineal ascendant or descendant of the individual;

[F] any lineal ascendant or descendant of the spouse of the individual;

[G] spouse of the person referred to in items [B] to [F]; and
Whether Cash Gift from Daughter in Law to her Father in Law is exempt under Income Tax?

- Yes...

whether gift deed/affidavit required in this case on stamp paper?

- Yes... Better to prepare gift deed.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details