Question ID :
44427
Gift by would be father in law
A boy receives gift of Rs 10 Lacs from his would be father in law a few days before marriage. Will it be considered gift at the time of marriage and tax free
Posted by
Mahesh Kumar
on
Feb 14, 2023
Filed Under
DIRECT TAXES
Its Gift on account of Marriage
Posted by
Sivaraman B on
Feb 15, 2023
Answer ID :
83920
Yes
Posted by
SURAJ KUMAR CHOUDHARY on
Feb 16, 2023
Answer ID :
83921
Yes. It is exempt as it is received for marriage.
Posted by
CA. chunauti dholakia on
Feb 20, 2023
Answer ID :
85051
Before marriage there is no relationship as Father in Law.Therefore it would be taxed.
Posted by
CA. MADHAVAN S on
Jun 02, 2023