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Gift to grand daughter in law

BHARAT (SALARIED / MANAGER TAXATION) (69 Points)

09 February 2016

whether gift to grand daughter in law exempt

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7 Replies

CMA Poornima Madhava (CMA) (13112 Points)
Replied 09 February 2016

I think it is exempt. Any lineal ascendant or descendant of the individual or spouse of lineal ascendent/descendant of the individual is a relative as per definition. Grand daugher-in-law is spouse of grandson. I assume it is covered.

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Ruchi (CA) (1410 Points)
Replied 09 February 2016

Yes, the gift is exempt as it is duly covered in the definition of relative.

Udgam Koomar (Tax Technologist) (1949 Points)
Replied 09 February 2016

Yes she is a relative under definition

Nikhil (x) (34 Points)
Replied 10 February 2016

Not covered in definition of relative u/s 2(41) The definition covers lineal descendants of the assesse individual (for grand father means grand son.) but spouse of lineal descendants is not covered. Thus, Grand daughter in law is not relative.