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Gift received from brothers mother in law is taxable or not

Gift received from brothers mother in law is taxable or not


Since gift received from brothers mother in law is 11000 which is less than 50000 then why it is taxable

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CA Mitesh khurana Posted on 01,May,2019

Gift received from brothers mother in law is taxable U/H IFOS subject to the limit of Rs 50,000/-

Bhavesh mali Posted on 17,Aug,2020

As per income tax act,1961 brother's mother in law is not a fall in relative defination but theres a 50,000 limit is also madatorry .so receive 11k from brother mother in law is not a taxable because it is less than 50k.



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