Can an individual give gift in amount to father's brother when father is not alive? Any documents as proof to substantiate that person receiving gift is fathers brother?
Mehul Mehta (1 Points)
15 June 2022Can an individual give gift in amount to father's brother when father is not alive? Any documents as proof to substantiate that person receiving gift is fathers brother?
CA Puja Sharma
(Chartered Accountant)
(4905 Points)
Replied 15 June 2022
Yes, you can give the gift and it will be exempt under Income Tax Act, 1961. Generally, no document is required to give the evidence of relation.
However, it is better to have 1. You can have a copy of the birth certificate where the father's name is mentioned.
MPR Sanjay Kumar
(3017 Points)
Replied 15 June 2022
CA Rashmi Gandhi
(Chartered Accountant)
(86285 Points)
Replied 15 June 2022
rama krishnan
(12234 Points)
Replied 16 June 2022
CA Rashmi Gandhi
(Chartered Accountant)
(86285 Points)
Replied 16 June 2022
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