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Relatives for the purpose of gift
Does husband's sister falls under the ambit of relatives defination for the purpose of section 53(2) gift from relatives
Replies (6)
If husband is an individual then his sister will come under the definition of relatives as per sec 53(2)...
Yes as per section 53(2) if the husband is an individual then his sis will be regarded as realtive and Gift will be exempt in the hand of the husband
Is it 53(2) or 56(2)? as per 56(2) husband's sister fall under relatives definition
Is it 56(2) (X) bro
Yes w. e. f 1/4/2017 it's 56(2)(x)
I think query is
husband's sister is relative of a wife of husband !!
Not husband and his sister as they are by default natural relatives.
Under 56(2)(x)
husband & sister >> relative
husband's sister & wife of husband >> Relative
(as per relative definition)
husband's sister is relative of a wife of husband !!
Not husband and his sister as they are by default natural relatives.
Under 56(2)(x)
husband & sister >> relative
husband's sister & wife of husband >> Relative
(as per relative definition)
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