can a tax payer gift some amount to blood relatives for purchase of land ??
who are the blood relatives?
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Gift to relatives for purchase of land
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Quick Summary
Of that relative covers under definition of relative in ITAct
Gift received from relatives are exempt from tax by virtue of Section 56. Following persons would be considered as relative :
(a) Spouse of the individual;
(b) Brother or sister of the individual;
(c) Brother or sister of the spouse of the individual;
(d) Brother or sister of either of the parents of the individual;
(e) Any lineal ascendant or descendent of the individual;
(f) Any lineal ascendant or descendent of the spouse of the individual;
(g) Spouse of the persons referred to in (b) to (f)
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