Gift to Daughter of Spouse's Sister - Very Urgent, Income Tax

[Abhinandan Baid]

Whether Daughter of Sister in law (Sali) comes under the definition of relative for Gifting purpose as per the Act ?

 

Very Urgent

Thanks & Regards

Posts / Replies

[CA GOPALJI AGRAWAL]

No, she will not as per explanation to section 56 (2)(v).

[Abhinandan Baid]

Thanks A lot Sir.

But as per the Hindu terminology , the relation is of Mausa .So as per the link given below the gifting of Mausa to his/Spouse's Bhatija/Bhatiji is covered under definition of relative .Please refer the link as the detailed analysis is by an eminent expert in the field of Income Tax:http://www.itatonline.org/articles_new/index.php/law-on-taxability-of-gifts-a-comprehensive-analysis/.

So it seems that it is covered under the definition of relative.Kindly let me know your view after reading the text in the link.

Thanks