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Home List Manuals Income TaxIncome Tax - Frequently Asked Questions (FAQs)FAQs on Gifts received by an individual or HUF This

Income Tax - Frequently Asked Questions (FAQs)

FAQs on Gifts received by an individual or HUF

Who will be considered as a Family to receive any sum for treatment or on account of death of person due to any illness related to COVID-19?

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Ans. In this case, the definition of ‘Family’ shall have the same meaning which has been defined under Explanation 1 to clause (5) of section 10. As per said explanation, family", in relation to an individual, means:

1. the spouse and children of the individual; and

2. the parents, brothers, and sisters of the individual or any of them, wholly or mainly dependent on the individual.

 

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