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TMI BlogGift to brother's spouseX X X X Extracts X X X X X X X X Extracts X X X X ..... Gift to brother's spouse X X X X Extracts X X X X X X X X Extracts X X X X ..... me elder brothers wife. whether the same is taxable or not. kindly advise Reply By DINESH AGGARWAL: The Reply: Dear Mr. Neeraj, Brother's Wife is not a relative as per definition of Relative given ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... under the Income Tax Act, 1961. Hence in my opinon, the whole amount will be treated income of receipient (Brother's Wife). Regards [email protected] Reply By Bakul Gandhi: The Reply: The gift ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is not taxable in the hands of brother's wifeas she is a relative as defined in Sec 56(2)- 1....................................... 2- brother or sister of such indiividual 3........................ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .........4................................5...........................6...............................and 7 spouse of the individual referred in above 2 to 6. Thus brother's wife being spouse of perso ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n under item 2 is covered under item 6 Reply By Sunil K. Jain: The Reply: Dear Neeraj As per section 56(v)(a) of the income tax act, and vide expalanation (ii) and (vii) there of ; brother's wife i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s covered under the definition of "relative". The same is therefore not taxable. X X X X Extracts X X X X X X X X Extracts X X X X
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