Mother in Law To Daughter in Law

Up to what amount can a Mother in Law give to her Daughter in Law. ?

Will any income tax be applicable?

what is the limit?
Replies (4)
Quick Summary
This discussion clarifies the tax rules surrounding gifts from a mother-in-law to her daughter-in-law in the UK. Generally, gifts between relatives are not subject to income tax and there's no specific monetary limit. However, for substantial amounts, a gift deed is recommended. It's also important to be aware of potential 'clubbing of income' rules, though specific exceptions may apply.

Yes, It's under the definition of relatives as per sec 56(2)

Tax not applicable and no limit.

But, Any values exceeds then gift deed is better option.
It is not taxable
However keep in view sec 64 clubbing of income for daughter in law
Exceptions to 56(2)(x) is considered.

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