#gift from relatives
Log in to FollowLatest gift from relatives updates, legal developments, compliance requirements, case laws, notifications and expert analysis for professionals on TaxGuru.

Addition U/s. 68 justified if Genuineness & creditworthiness of donor not proved

Section 56(2)(vii) HUF can’t be treated as a ‘Donor’ of Gift

“Love”is tax free ?

ITAT explains Meaning of term “relative” in context of HUF

Validity of Reassessment to verify genuineness of gift based on Assessment of relatives

Addition cannot be made for invalid gift of immovable property

Gifts amongst ‘Relatives’ – How long will they be ‘taxfree’?

Gift received from a HUF by a member of HUF is exempt from tax

Addition justified for Failure to prove genuineness of gifts received

Natsamrat’s Love, Gift and Income Tax

Step-son falls within the ambit of relative for Gift – Section 56(2)

Receipt without consideration (Gift) from Non-Relatives – A Tool for Tax Planning

Gift to be treated as genuine if identity of donors is genuine & source of gift stays explained

Received Gift? Check taxability before enjoying!
Explore the latest gift from relatives updates on TaxGuru, including relevant legal provisions, notifications, circulars, case laws, compliance developments and expert analysis. This page brings together important developments and practical guidance to help taxpayers, businesses and professionals stay informed and understand the regulatory and commercial implications of changes.
