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tax on gift deed

hi i m rahul.just want to know gift given to me by my brother in law (saala) and father in law (sasur or saas) taxable or not. can reply me at [email protected]

gift-tax income-tax father-in-law gift-to-relatives brother-in-law

asked Jul 13 '11 at 10:40 by RAHULXXX84 1●1●1●1

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Gift given by brother-in-law and father-in-law is non-taxable.

answered Jul 13 '11 at 15:26 by Pankaj Batra 5.2k●3●20

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income-tax ×778
gift-tax ×21
gift-to-relatives ×10
brother-in-law ×1
father-in-law ×1

Asked: Jul 13 '11 at 10:40

Seen: 2,311 times

Last updated: Jul 13 '11 at 15:26

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