Income from other sources gift
Vbhu Malhotra (43 Points)
31 January 2022Vbhu Malhotra (43 Points)
31 January 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167229 Points)
Replied 31 January 2022
Yes, Husband's brother will be relative to her, and any gift received (I.e. Without consideration, free of cost) from him will be tax exempt.
Vbhu Malhotra
(43 Points)
Replied 31 January 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167229 Points)
Replied 31 January 2022
No. No capital gain liability to his bhabhi.
As the property is gifted, so no question of capital gain to Dewar/BIL, also.
Live class on PF & ESI Enrollment & Returns Filing(with recording)