1. Can a Son-in-law give a gift to Mother-in-law under Income Tax Act?
2. Can a daughter give a gift to her mother?
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Gift under income tax act
Replies (4)
Gift from a relative is fully Exempt
Gift from a non relative upto 50,000 no tax
Gift from a non relative upto 50,000 no tax
waise son-in-law aur mother-in-law ka kamall ka relationship hai
yes you can in both the cases
yes you can in both the cases
Mr. Hemanth, Please clarify me whether the gift given by the son-in-law to mother-in-law is exempted u/s 56(2)?
yes it is relative
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