05 January 2013
My son works in USA and my Bahu is also working there. My son usually send money to us as Gift, which is free of Income Tax in India. If my Bahu sends money to her Father in law & Mother in Law, will this amount will also be free of Tax in our hands in India?
Guest
Guest
(Expert)
05 January 2013
Yes because gifts received from relatives are exempt from tax.