Menu
Gift to nephew
Uncle is covered in the definition of relatives and hence gift received from uncle is exempt. But niece and nephew are not included in the definition of relatives and hence gift from them is taxable.
Replies (18)
Uncle is covered in the definition of relatives and hence gift received from uncle is exempt. But niece and nephew are not included in the definition of relatives and hence gift from them is taxable.
I understand that nephew is exempt, but what is tax trerment in hand of uncle
In simple words not taxable.
For both not taxable?
Recent Threads
- Hi i have some doubt about my microsoft exam?
- Period of holding of residential flat and its acqu
- ITRs for AY 2025-26 filed in September 2025 not pr
- Heard & Seen Around – Your Daily Economi
- Best NISM course for an Accountant
- Calculate IT on LTCG AND STCG for the FY 2025-26
- Heard and Seen Around - Your Daily Economic Quick
- Returning to India - Residency confusion
- About CMP-08
- RCM List on GST
Related Threads
CAclubindia
