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Gift to mother-in-law

Mukul Khanna (52 Points)

08 July 2018

can daughter in law gift money to her
mother-in-law . Is it exempt in the hands of mother-in-law.

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16 Replies

RAJA P M ("Do the Right Thing...!!!") (127133 Points)
Replied 08 July 2018

I think no...

As per definition of relatives not covered for above said relationship...

Roller coaster (120 Points)
Replied 08 July 2018

mother of ur spouse falls under relative definition

JAI BHOLA (504 Points)
Replied 08 July 2018

it's exempt..... cause of we see from the perspective of mother in-law , daughter in law is spouse of her lineal ascendent ... there for gift is received by the relative hence not taxable

Vinod Babu (24191 Points)
Replied 08 July 2018

Yes agreed with views..........

RAJA P M ("Do the Right Thing...!!!") (127133 Points)
Replied 08 July 2018

Above said Mother in Law and Daughter in law not under the definition of Relatives...

Any one have detailed definition then can explain here...

JAI BHOLA (504 Points)
Replied 08 July 2018

RAJA P M sir the definition of relative under section 56(2) includes lineal ascendent and their spouses ... therefore for mother in law her son's wife would be a relative ... hence gift would not be taxable .

RAJA P M ("Do the Right Thing...!!!") (127133 Points)
Replied 08 July 2018

No Dear.,

1 Relatives means

– Spouse of Individual

– Brother & Sister of Individual

– Brother & Sister of Spouse of Individual

– Brother & Sister of either of the parents of Individual

– Any Lineal ascendants or descendants of the individual

-Any Lineal ascendants or descendants of the spouse of the individual.

***Check out the details here no more meaning for "MOTHER IN LAW / DAUGHTER IN LAW"

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Vinod Babu (24191 Points)
Replied 08 July 2018

Respected Dhirajlal sir, please answer the query.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160327 Points)
Replied 08 July 2018

income-tax-it-implications-on-gift-received

1 Like

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160327 Points)
Replied 08 July 2018

For the purposes of this clause, "relative" means—

(i) spouse of the individual;

(ii) brother or sister of the individual;

(iii) brother or sister of the spouse of the individual;

(iv) brother or sister of either of the parents of the individual;

(v) any lineal ascendant or descendant of the individual;

(vi) any lineal ascendant or descendant of the spouse of the individual;

(vii) spouse of the person referred to in clauses (ii) to (vi);

Refer:: incometaxindia/acts/income-tax-act

Vinod Babu (24191 Points)
Replied 08 July 2018

Please provide direct answer to understand and clarify the query.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160327 Points)
Replied 08 July 2018

Combine reading of (v) & (vii)....

(v) any lineal ascendant or descendant of the individual; means her son or daughter.
(vii) spouse of the person referred to in clauses [(ii) to (vi)] here (v)......... means .... son's wife (DIL) or Bahu and secondly Daughter's husband (Jawai)

1 Like

S ELAVARASI (ACCOUNTANT) (2975 Points)
Replied 08 July 2018

Dear Sir.,

The following one is allowable or not...?

(can daughter in law gift money to her mother-in-law . Is it exempt in the hands of mother-in-law)

(In tamil Marumagal to Maamiyaar)

Also now my CA is said it's taxable ....! So, I'm very doubyful...

JAI BHOLA (504 Points)
Replied 08 July 2018

For the purposes of this clause, "relative" means—

[i] spouse of the individual;

[ii] brother or sister of the individual;

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

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

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

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

[vii] spouse of the person referred to in clauses [ii] to [vi];

see the vii , spouse of lineal ascendent will be a relative therefore for mother in law , her daughter in law is relative.