Legal Question in Family Law in India

my wife getting gift as cash from his uncle (her fathers big brother) i am from Gujarat is that amount is taxable or it is treated as gift and fully exempted?


Asked on 6/12/16, 8:57 pm

2 Answers from Attorneys

1) Another rule for income tax on gifts is that any amount received from specified relatives is totally tax free in the hands of recipient. So if a relative gives you gift in form of cash/ cheque or in consideration, you will not have to pay any tax on the amount received.

2) Brother or sister of either of your parents.

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Answered on 6/12/16, 11:39 pm
prasad patil

Dear client take note from uncle that he is giving money as gift out of love and affection. For any legal help call me

Adv prasad patil

9604349028

8446247807

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Answered on 6/13/16, 4:25 am


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