Income tax exemption on gift from father in law

Shivani (Doctor) (24 Points)

19 August 2013  

Dear Expert forum members..

                       1. First of all, i must congratulate on well informed content on the forum.

                       2. My query is:

                                    My father in law wants to gift me money to purchase a house. I want to know if money so received from father in law to daughter in law for purchase of house in tax exempted. I am working in a govt organization.

                    3. Thank you all in advance. Waiting for a reply...