gift

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CA NITESH G. SWAMI

CA NITESH G. SWAMI (Querist)
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20 October 2009 as per income tax provisions which relative can give gift to individual.

chetan soni

chetan soni (Expert)
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20 October 2009 For the purposes of this clause, relative means

(i) spouse of the individual;

(ii) brother or sister of the individual;

(iii) brother or sister of the spouse of the individual;

(iv) brother or sister of either of the parents of the individual;

(v) any lineal ascendant or descendant of the individual;

(vi) any lineal ascendant or descendant of the spouse of the individual;

(vii) spouse of the person referred to in clauses (ii) to (vi);]

Aditya Maheshwari

Aditya Maheshwari (Expert)
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20 October 2009 for the purpose of Section 56(2)(vi) relative means

(i) spouse of the individual;

(ii) brother or sister of the individual;

(iii) brother or sister of the spouse of the individual;

(iv) brother or sister of either of the parents of the individual;

(v) any lineal ascendant or descendant of the individual;

(vi) any lineal ascendant or descendant of the spouse of the individual;

(vii) spouse of the person referred to in clauses (ii) to (vi);]

So you can take gift from any of the above.

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