Gift received from father sister, is it taxble or not
Menu
Gift received from father sister
Replies (5)
no it is not taxable, as father's sister is a relative
Gift received from Relative is not taxable. Father's sister is within the definition of Relative.
So not taxable..
True. But only his real sister and not cousin sister
Gift is taxable u/s 56(2)...and relative s are defined u/s 2(31)....It is included in d definition of relative but if she is his real sister only...that means cousin are excluded
Yes naveen I had said the same thing.
Recent Topics :
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
Related Topics :
CAclubindia
