Relatives- As regards gift and relatives, the general notion is that the blood relatives come under the purview of Relatives and any gifts received from blood relatives are exempt from tax. This is a misconception and wrong notion.
Relatives are defined in the Income-tax Act, 1961 as under:-
In case of an Individual-
1. Spouse of the individual
2. Brother or sister of the individual
3. Brother or sister of the spouse of the individual
4. Brother or sister of either of the parents of the individual
5. Any lineal ascendant or descendant of the individual
6. Any lineal ascendant or descendant of spouse of the individual
7. Spouse of the person referred in point 2-6 above In case of a HUF- any member thereof.
On the basis of above provision of the Act, list of relatives, who qualify the above parameters, have been prepared for both Male and Female individual recipients of gifts separately for easy understanding. Receipt of any amount of Money/Immovable Property/Other Properties without consideration on any occasion or without any occasion from the relatives mentioned in the following lists are fully exempted from Income Tax.
List of Relatives from whom gifts received by a Male recipient is exempt from Income-tax:-
1 Wife पत्नी
2 Elder Brother बड़ा भाई
3 Wife of Elder Brother बड़े भाई की पत्नी
4 Younger Brother छोटा भाई
5 Wife of younger Brother छोटे भाई की पत्नी
6 Sister बहन
7 Husband of Sister जीजाजी
8 Brother of Wife साला
9 Wife of Brother of Wife साले की पत्नी
10 Sister of Wife साली
11 Husband of Sister of Wife साली का पति
12 Brother of Mother मामा
13 Wife of Brother of Mother मामी
14 Sister of Mother मौसी
15 Husband of Sister of Mother मौसा
16 Brother of Father चाचा
17 Wife of Brother of Father चाची
18 Sister of Father बुआ
19 Husband of Sister of Father फूफाजी
20 Father पिता
21 Mother माँ
22 Father of Father दादा
23 Mother of Father दादी
24 Father of Father’s Father परदादा
25 Mother of Father’s Father परदादी
26 Son बेटा
27 Daughter-in-Law बहु
28 Daughter बेटी
29 Son-in-law दामाद
30 Son of Son पोता
31 Wife of Son’s Son पोते की पत्नी
32 Daughter of Son पोती
33 Husband of Daughter of Son पोती का पति
34 Son of Son’s Son परपोता
35 Wife of Son of Son’s Son परपोते की पत्नी
36 Daughter of Son’s Son परपोती
37 Husband of Daughter of Son’s Son परपोती का पति
38 Father-in-Law ससुर
39 Mother-in-Law सास
40 Father of Father-in-Law दादा ससुर
41 Mother of Father-in-Law दादी सास
42 Father of Father of Father-in-Law परदादा ससुर
43 Mother of Father of Father-in-Law परदादी सास
List of Relatives from whom gifts received by a Female recipient is exempt from Income-tax:-
1 Husband पति
2 Brother भाई
3 Brother’s Wife भाभी
4 Sister बहन
5 Husband of Sister बहनोई
6 Elder Brother of Husband जेठ
7 Wife of Elder Brother of Husband जेठानी
8 Younger Brother of Husband देवर
9 Wife of Younger Brother of Husband देवरानी
10 Sister of Husband ननद
11 Husband of Sister of Husband नन्दोई
12 Brother of Mother मामा
13 Wife of Brother of Mother मामी
14 Sister of Mother मौसी
15 Husband of Sister of Mother मौसा
16 Brother of Father चाचा
17 Wife of Brother of Father चाची
18 Sister of Father बुआ
19 Husband of Sister of Father फूफाजी
20 Father पिता
21 Mother माँ
22 Father of Father दादा
23 Mother of Father दादी
24 Father of Father’s Father परदादा
25 Mother of Father’s Father परदादी
26 Son बेटा
27 Daughter-in-Law बहु
28 Daughter बेटी
29 Son-in-Law दामाद
30 Son of Son पोता
31 Wife of Son’s Son पोते की पत्नी
32 Daughter of Son पोती
33 Husband of Son’s Daughter पोती का पति
34 Son of Son’s Son परपोता
35 Wife of Son of Son’s Son परपोते की पत्नी
36 Daughter of Son’s Son परपोती
37 Husband of Daughter of Son’s Son परपोती का पति
38 Father-in-Law ससुर
39 Mother-in-Law सास
40 Father of Father-in-Law दादा ससुर
41 Mother of Father-in-Law दादी सास
42 Father of Father of Father-in-Law परदादा ससुर
43 Mother of Father of Father-in Law परदादी सास
Gifts can be received by a Male or Female Individual from any of the relatives mentioned in the aforesaid two lists on any occasion or without any occasion out of natural love and affection.
Tanay Ghildiyal
9873938771
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