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Gift received
gift received in cash from sister in law's husband taxable or non taxable..
Replies (5)
How much amount of Gift, you receive
It's more than 50k
Hi Jimcy,
This will not be taxable as per section 56, as the amount is received from a relative.
as the Sister in law 's husband is covered in the definition of Relatives so there is no tax on gift received from relative
Sister in law 's husband means simply brother?
Gift from brother is exempt as gift from relative.
Gift from brother is exempt as gift from relative.
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