Is the Gift from Uncle/Aunt to Nephew's Wife taxable ?
Menu
Tax on gift from uncle/aunt to nephew's wife
Replies (1)
if you are asking from point of view of nephew's wife, uncle/aunt of spouse doesn't comes in definition of relative as per income tax act, so gifts will be taxable if total value of such gift exceeds Rs.50000 in previous year
Recent Threads
- Form 16 format
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
Related Threads
CAclubindia
