Gift

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Querist : Anonymous

Querist : Anonymous (Querist)

25 April 2015 did mother-in-law can give gift to her son-in-law.it is taxable or not?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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25 April 2015 Yes. Mother in Law can give gift to Son in Law without ant tax implication.

Also see below link--

https://www.caclubindia.com/forum/relatives-u-s-56-2-vii-from-whom-gift-is-permissible--98674.asp

Querist : Anonymous

Querist : Anonymous (Querist)

27 April 2015 what is the procedure if in a partnership,one partner out of two died in march and in place of the partner died his wife wants to take that position?

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