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Gift by father in law

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(Querist)
12 December 2021 Can a Father in law gift to daughter in law and if yes then how much amount is non taxable in the hands of daughter in law
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
12 December 2021 Father in law can gift any amount to daughter in law without any taxability; but due to clubbing provision any income generated out of it will be taxable in the hands of FIL.
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pooja

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pooja (Querist)
14 December 2021 Thank you so much Sir but what if FIL is not alive now, will it be taxable in the hands of Daughter in law?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
14 December 2021 IF FIL NOT ALIVE, DIL CANNOT GET GIFT.
SHE CAN GET INHERITANCE AS PER WILL OR FAMILY SETTLEMENT, WHICH WILL BE FULLY TAX EXEMPT.

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