gift tax in transaction with In-laws

In one of your answer u've confirmed that no tax is applicable on amount received from Brotehr-in-law or father-in-law, I want whether it is same if I give some amount to my brother-in-law or father-in-law?

asked Mar 26 '13 at 15:24 by sakiv1089 18681436


There is no income tax payable on giving the gift to relatives.

answered Mar 29 '13 at 01:24 by Pankaj Batra 5.2k320

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Asked: Mar 26 '13 at 15:24

Seen: 1,064 times

Last updated: Mar 29 '13 at 01:24