Gift to Daughter of Spouse's Sister - Very Urgent

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..... Gift to Daughter of Spouse's Sister - Very Urgent
Query (Issue) Started By: - Abhinandan Baid Dated:- 8-9-2012 Last Reply Date:- 10-9-2012 Income Tax
Got 2 Replies
Income Tax
Whether Daug .....

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..... hter of Sister in law (Sali) comes under the definition of relative for Gifting purpose as per the Act ? Very Urgent Thanks & Regards Reply By CA GOPALJI AGRAWAL: The Reply: No, she will not as pe .....

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..... r explanation to section 56 (2)(v). Reply By Abhinandan Baid: The Reply: 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 .....

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..... 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. .....

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..... 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 .....

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..... the link. Thanks
Discussion Forum - Knowledge Sharing .....

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