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Gift to mother-in-law from daughter-in-law

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Atiker

Service

22 Points Posted on 23 June 2011

Dear Friends,

What are the tax implications if a daughter-in-law gifts cash from her own earnings to her mother-in-law ?

1. Is it taxable in the hands of mother-in-law ?

2. Is the income generated from this cash gift will be clubbed with the income of daughter-in-law ? i.e Is daughter-in-law liable to pay tax on the income earned by mother-in-law from the gifted money ?

Thanks in advance for your reply.

Replies (3)

Sunshine

Helping All

6366 Points Posted on 23 June 2011

1. not taxable in the hands of mother in law as a gift from relative is not taxable...

2.it wont be clubbed...income will be taxable in the hands of mother in law only...

Vijay

Adamo Studio

1589 Points Posted on 24 June 2011

Originally posted by : Sunshine...
	1. not taxable in the hands of mother in law as a gift from relative is not taxable... 2.it wont be clubbed...income will be taxable in the hands of mother in law only...