Taxability of Gift

[Ashish Gupta]

Please tell me the tax implication of gift received from biological brother ( i.e. brother by birth )

 

The issue is, that  one of my client who was adopted by her uncle now received a gift from his real brother i.e. brother by birth.

 

Regards

AI Summary

Gift From Biological Brother Exempt From Taxation for Adopted Client Under 'Relative' Category Per Tax Regulations A person inquired about the tax implications of a gift received from a biological brother by a client who was adopted by their uncle. The response clarified that the gift falls under the category of being received from a 'relative,' which exempts it from taxation according to the applicable tax regulations.