Question ID :
38163
Gift from Relatives
Can a person receive gift from his aunt (Chachi or Tayi)
without attracting Gift tax
Posted by
Mahesh Kumar
on
May 24, 2019
Filed Under
DIRECT TAXES
yes. fathers brothers wife is a relative and gift received is exempt
Posted by
CA. VENKITARAMAN K V on
May 25, 2019
Answer ID :
76648
Yes a gift from aunt is exempted from the tax .
Posted by
CA. BISHT RAKESH on
May 25, 2019
Answer ID :
76649
Yes. Sister of parent and spouse of brother or sister of parents is covered under relatives. So gift received from them are exempt.
Posted by
CA. chunauti dholakia on
May 25, 2019
Answer ID :
76660
Yes, Gift from Relatives is exempted.
Posted by
HARJEET on
May 27, 2019
Answer ID :
76663
Please see the list of relatives and see whether your aunt falls in the same.
i. Spouse of the individual
ii. Brother or sister of the individual
iii. Brother or sister of the spouse of the individual
iv. Brother or sister of either of the parents of the individual
v. Any lineal ascendant or descendant of the individual
vi. Any lineal ascendant or descendant of the spouse of the individual
vii. Spouse of the person referred to in clauses (ii) to (vi).
Posted by
SIVADAS CHETTOOR on
May 29, 2019
Answer ID :
76794
yes.
Posted by
CA. JHA SHANKAR KUMAR on
Jun 07, 2019