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Mother in Law To Daughter in Law

Others 759 views 4 replies

Keshav Kakar

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?

Replies (4)

RAJA P M

"Do the Right Thing...!!!"

128152 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.

CA. Sourav Sarkar

Chartered Accountant

24588 Points Posted on 04 August 2023

It is not taxable

Mahesh Shah

2478 Points Posted on 04 August 2023

However keep in view sec 64 clubbing of income for daughter in law

sabyasachi mukherjee

Profession Business

28207 Points Posted on 05 August 2023

Exceptions to 56(2)(x) is considered.

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