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Taxability of Gift, Income Tax |
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Taxability of Gift |
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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 Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
In my opinion it is coming under the definition of 'relative' from whom the gift receivable is exempted from tax. Page: 1 Old Query - New Comments are closed. |
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