Monetary gift by married sister
This query is : Resolved
Quick Summary
02 February 2022
Dear Sir,
Mrs X, who is married, is real sister of Mr. B. Mr B wants to purchase a flat. So he asks for monetary help to his sister. She also doesn't want her money back.
Can a transfer of X amount of money by Mrs X, who is a Married, to her real Brother be treated as gift?
Kindly guide me.
Regards,
Suraj
Mrs X, who is married, is real sister of Mr. B. Mr B wants to purchase a flat. So he asks for monetary help to his sister. She also doesn't want her money back.
Can a transfer of X amount of money by Mrs X, who is a Married, to her real Brother be treated as gift?
Kindly guide me.
Regards,
Suraj
CA R SEETHARAMAN
(Expert)
02 February 2022
Yes, it can treated as gift from relative
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