Gift to son-in-law
virag (Account and Tax consultant) (115 Points)
13 March 2019Whether gift received from parent-in-law to son-in-law is taxable or not?
Thanks in advance.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160292 Points)
Replied 13 March 2019
Tax free as from relative, as per IT sec. 56(2)