student
26 Points
Joined August 2016
as per income tax act , relative includes brother or sister of spouse and spouses of the aforementioned persons. For examples, if X(married female) gift the property to her husband's sister husband(Y- recipient), it is covered in the definition of relative as per income tax act for the purpose of gift of immovable property? if it is covered under the relative, on transfer of immovable property, income arising from the property in form of rent is taxed in teh hands of 'X' the donor or 'Y' the recipient of gift.