https://www.taxtmi.com/forum/issue?id=119199 The Income tax Act's statutory definition of relative for gift exemption includes spouse, siblings, siblings of spouse, siblings of parents, lineal ascendants and descendants of the individual and of the spouse, and spouses of those persons; HUF members qualify for HUF. Gifts received without consideration from persons in these enumerated categories are exempt from tax, so donors such as a paternal uncle or sister's husband are covered if they appear in the relevant recipient list. en-us Tue, 09 Jul 2024 15:01:14 +0530 Fri, 24 Jan 2025 10:40:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119199 The Income tax Act's statutory definition of relative for gift exemption includes spouse, siblings, siblings of spouse, siblings of parents, lineal ascendants and descendants of the individual and of the spouse, and spouses of those persons; HUF members qualify for HUF. Gifts received without consideration from persons in these enumerated categories are exempt from tax, so donors such as a paternal uncle or sister's husband are covered if they appear in the relevant recipient list. Discussion-Forum Income Tax Tue, 09 Jul 2024 15:01:14 +0530 https://www.taxtmi.com/forum/issue?id=119199