Money received from daughter-in-law based abroad is not taxable.

Money received from daughter-in-law based abroad is not taxable.
 

As per the IT Act, any gift received will be taxed in the hands of the recipient provided the quantum exceeds the threshold of ₹50,000.

 

However, in this section of Livemint, Dr. Suresh Surana, Founder, RSM India clarifies that any gift received from the relatives, including daughter-in-law, would not be chargeable to tax irrespective of the quantum.

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