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Mother in Law To Daughter in Law

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82 Points Posted on 04 August 2023
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?
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On 04 August 2023 at 16:36 Report
Replies (4)
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"Do the Right Thing...!!!"
128147 Points Posted on 04 August 2023
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.
463 Reply
On 04 August 2023 at 16:53
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Chartered Accountant
24588 Points Posted on 04 August 2023
It is not taxable
129 Reply
On 04 August 2023 at 16:58
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2478 Points Posted on 04 August 2023
However keep in view sec 64 clubbing of income for daughter in law
4 Reply
On 04 August 2023 at 18:30
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Profession Business
28196 Points Posted on 05 August 2023
Exceptions to 56(2)(x) is considered.
44 Reply
On 05 August 2023 at 06:34


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