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Gift

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(Querist)
01 February 2016 Do Father's brothers' wives and Father's Brothers' children come under the definition of relative for availing the exemption relating to receipt of gift.

Would it be taxable if a person receives gift from the above said people?
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CA CMA CS Ram Pavan Kumar Melam

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CA CMA CS Ram Pavan Kumar Melam (Expert)
01 February 2016 In relative definition of an 'individual'
1. includes father's brother's spouse;
2. father's brother's children are not covered.

In case any gift received from 2 above is taxable.

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