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gift received by father-in-law from son-in-law

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(Querist)
15 June 2010 Whether gift received by father-in-law frm son-in-law is taxable under the IT Act?
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
15 June 2010 no it is not taxable as father-in-law frm son-in-law fall under relative.

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