Gift to Daughter of Spouse's Sister - Very Urgent

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

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

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ter 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 per....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 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 ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....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.o....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rg/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 ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....the link. Thanks<br> Discussion Forum - Knowledge Sharing ....