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Taxability of Gift, Income Tax

Issue Id: - 106336
Dated: 19-12-2013
By:- Ashish Gupta

Taxability of Gift

Contents

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

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Showing Replies 1 to 1 of 1 Records

Page: 1

1 Dated: 19-11-2015
By:- MARIAPPAN GOVINDARAJAN

In my opinion it is coming under the definition of 'relative' from whom the gift receivable is exempted from tax.

Page: 1

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