Gift under income tax act

Arumugam (Tax Adviser) (45 Points)

18 March 2019

1. Can a Son-in-law give a gift to Mother-in-law under Income Tax Act?

2. Can a daughter give a gift to her mother?

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4 Replies

Hemanth C L (60 Points)
Replied 18 March 2019

Gift from a relative is fully Exempt
Gift from a non relative upto 50,000 no tax

Priya Kashyap (Student) (7053 Points)
Replied 18 March 2019

waise son-in-law aur mother-in-law ka kamall ka relationship hai
yes you can in both the cases

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Arumugam (Tax Adviser) (45 Points)
Replied 19 March 2019

Mr. Hemanth, Please clarify me whether the gift given by the son-in-law to mother-in-law is exempted u/s 56(2)?

Priya Kashyap (Student) (7053 Points)
Replied 19 March 2019

yes it is relative

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