Home > Money > Question

Sign In | Create an account

Language:

Now in हिन्दी too

Need Expert Advice?Our Gurus Can Help

Can I Receive Any Amount From My Father-in-Law Tax-Free?

T S Khurana |406 Answers |Ask -Follow

Tax Expert - Answered on Feb 06, 2025

A certified management accountant since 1993, T S Khurana is a fellow member of The Institute of Cost Accountants of India. His areas of expertise are income tax, specifically litigation cases, and GST.

Since the last 21 years, he has also been providing expert advice on financial matters, including investments and diversification of funds, and wealth building in the long term to his clients.
He believes that investment in real estate is the safest way for better returns and wealth generation over a period of time.

A former chairman of the Chandigarh Chapter of Institute of Cost Accountants of India, T S Khurana has also served as member of its technical committee.... more

Asked by Anonymous - Feb 06, 2025Hindi

Money

Can I received any amount from father in law is tax free?

Ans: Yes. Any Gift received from Father in law, is not your income but gift. Hence, it is not subject to income tax.
Most Welcome for any further clarification. Thanks.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

MoneyReply

You may like to see similar questions and answers below

Mihir Tanna |1035 Answers |Ask -Follow

Tax Expert - Answered on Jun 12, 2023

Question by Lalit - Jun 09, 2023Hindi

Money

Sir as a Father in law can I receive gift from my daughter in law.

Ans: Gift received from spouse of lineal ascendant or descendant of the Individual is not an Income. Thus, gift received as Father in law is not an income.

T S Khurana |406 Answers |Ask -Follow

Tax Expert - Answered on Sep 04, 2024

Asked by Anonymous - Aug 23, 2024Hindi

Money

Can yoy please confirm..As per the Income Tax definition of relatives Gift from my side to my Father in law ( Wife father) will be treated as GIFT ( under relative) and the transfer will not be taxed .

Ans: Your relation comes under the Lineal Relationship of Spouse, hence you may make a gift to your father-in-law & it will not attract any Income Tax. However, you should adopt proper procedure to make a gift.
Most welcome for any further clarification. Thanks.

T S Khurana |406 Answers |Ask -Follow

Tax Expert - Answered on Sep 21, 2024

Question by Jayesh - Sep 14, 2024Hindi

Money

I, mother can give gift to my son's huf saving account the some of rs. 4,80,000 ? any tax liability both side?

Ans: Best way for this is Your mother makes a Gift to you. You may transfer this gift amount, from your saving account to your HUF account. There shall not be any tax liability on any side. However, make a proper document for gift, which may be shown to IT department, if required.
MOst welcome for any further clarifications. Thanks.

T S Khurana |406 Answers |Ask -Follow

Tax Expert - Answered on Jan 17, 2025

Question by Velji - Dec 12, 2024Hindi

Money

Am I Liable to tax if I have received a piece of Land(property) in my marrige gift from a paternal side uncle?

Ans: No. It is a gift from your uncle at the time of your marriage & not Income.
Most welcome for any further clarifications. Thanks.

Latest Questions

Dr Dipankar Dutta |986 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 19, 2025

Asked by Anonymous - Mar 18, 2025Hindi

Career

I want to do btech in robotics engineering or mechatronics engineering I am sc category students please help me with college with low fees

Ans: Government NITs have low tuition fees and offer scholarships for SC students (fees can be as low as ?10,000 - ?30,000 per year after waivers).

NIT Rourkela – B.Tech in Industrial Design (Robotics, Mechatronics-related)
NIT Kurukshetra – Mechatronics as a specialization in Mechanical Engineering

IIITs are also great for Robotics & AI, and they have lower fees for SC candidates.

IIIT Allahabad – B.Tech in IT (Specialization in Robotics)
IIIT Jabalpur – B.Tech in Mechanical with Robotics specialization

Robotics engineering or Mechatronics engineering are specialized field. You can do your B.Tech in CSE, ECE, Mechanical and then in M.Tech you can do specialization.

Dr Dipankar Dutta |986 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 19, 2025

Asked by Anonymous - Mar 18, 2025

Career

My son get 93.48554 ews category can he get jee mains seat in any branch..pls tell s ir

Ans: Top NITs (like NIT Trichy, Warangal, Surathkal, etc.) – Difficult for CSE, ECE, or core branches.
Mid-tier NITs (NIT Hamirpur, Jalandhar, Silchar, etc.) – Possible in lower-demand branches (Mechanical, Civil, Metallurgy, etc.).
Newer NITs (NIT Mizoram, NIT Nagaland, NIT Arunachal Pradesh, etc.) – Good chance for branches like Electrical, Civil, Mechanical.
IIITs (like IIIT Una, IIIT Bhopal, IIIT Ranchi, etc.) – Possible in non-CSE branches.
GFTIs (Government-Funded Technical Institutes like BIT Mesra, Assam University, etc.) – Better chances in core branches.
See previous years' cut off

Dr Dipankar Dutta |986 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 19, 2025

Asked by Anonymous - Mar 18, 2025Hindi

Career

In which college can i get cse at 99.1 percentile obc ncl my home state in Maharashtra but i don't want vnit nagpur suggest specially iiits

Ans: You may get
IIIT Hyderabad (Data Science & AI / CSE) – Difficult but try in later rounds
IIIT Bangalore (CSE) – Possible in later rounds
IIIT Delhi (CSE, but through JAC counseling, not JoSAA)
IIIT Allahabad (CSE, IT) – High chance
IIIT Gwalior (IPG CSE 5-Year Program) – Good chance
IIIT Jabalpur (CSE) – High chance
IIIT Kancheepuram (CSE, AI & DS) – Good chance
IIIT Lucknow (CSE, AI & DS) – Very likely
IIIT Pune (CSE, ECE) – High chance
IIIT Nagpur (CSE, AI & DS) – If comfortable
See previous years' cut off

Dr Dipankar Dutta |986 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 19, 2025

Question by Sachin - Mar 18, 2025Hindi

Career

If any one fail in 12 board exam in 2025 and if any one cleared Neet exam with 650 marks . Is this mark is valid for next year i.e.2026 for Medical admission. or otherwise have to give repeat Neet exam.

Ans: No, the NEET score is valid only for the year in which you appear for the exam (i.e., 2025 in this case).

Dr Dipankar Dutta |986 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 19, 2025

Question by Bhavishya - Mar 18, 2025Hindi

Career

I got 85.289%le in JEE mains EWS category which colleges and branches i can get?

Ans: NITs Where You May Get Admission:
CSE may not be possible, but you have a chance for core branches in lower-ranked NITs.

NIT Agartala – Civil, Mechanical, Chemical
NIT Mizoram – Civil, Mechanical
NIT Nagaland – Civil, Electrical
NIT Meghalaya – Civil, Mechanical
NIT Arunachal Pradesh – Civil, Mechanical
?? IIITs You May Get:
IIIT Una – Lower branches (ECE in later rounds)
IIIT Ranchi – Mechanical, ECE (CSAB rounds)
IIIT Bhopal – ECE (CSAB rounds)
See previous years' cut off

Rajesh Kumar Singh |224 Answers |Ask -Follow

IIT-JEE, GATE Expert - Answered on Mar 18, 2025

Asked by Anonymous - Mar 18, 2025Hindi

Career

Jee mains 99.65 general female btech csc which one is best? Nit or iiit hyderabad/bangalore

Rajesh Kumar Singh |224 Answers |Ask -Follow

IIT-JEE, GATE Expert - Answered on Mar 18, 2025

Asked by Anonymous - Mar 17, 2025Hindi

Career

I am Narayan Datta i score JEE mains 2025 s1 91.2352248%ile ews catagory can I get admission in nit Agartala 'cse' branch home state.

Ans: Good chance

Rajesh Kumar Singh |224 Answers |Ask -Follow

IIT-JEE, GATE Expert - Answered on Mar 18, 2025

Question by Shamala - Mar 17, 2025Hindi

Career

Hello sir, my son got 87.35 in jee mains, he want to study in CSE branch only and he comes under obc .he is from karnataka. can my son will get government seat in bangalore and what are the Chance's

Ans: Slim chance, check cut offs

Rajesh Kumar Singh |224 Answers |Ask -Follow

IIT-JEE, GATE Expert - Answered on Mar 18, 2025

Question by Nikhil - Mar 18, 2025Hindi

Career

Sir I have 57 percentile in season first in jee main which is the best college you prefer me

Ans: Category? Improve performance

Rajesh Kumar Singh |224 Answers |Ask -Follow

IIT-JEE, GATE Expert - Answered on Mar 18, 2025

Question by Nikhil - Mar 18, 2025Hindi

Career

Sir cse krne ke liye all entrance exam of colleges

Ans: State entrance and Pvt college

See more questions »

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Video Reply
Audio Reply

WhatsApp
Facebook
Twitter
Copy link

Delete

Close

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus

Sign up

email

uname

mobile no

Country Code

Mobile number

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

LOGIN

x