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Gift u/s 56

This query is : Resolved 
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(Querist)
28 May 2010 can a person received gift from:
1 spouse's grand mother(Dadi)
2 spouse's uncle(chacha/tau)
3 spouse's cousin brother(chacha's son)

above gift received will exempt or taxable.

pl reply this query on urgent basis.

thanks
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
28 May 2010 1. Yes
2. No
3. No

Also visit this link for a comprehensive analysis
http://www.itatonline.org/articles_new/index.php/law-on-taxability-of-gifts-a-comprehensive-analysis/
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
28 May 2010 Thanks for providing link
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