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Indian Wife Receives 30 Lakhs from Brother: Tax Implications?

T S Khurana |447 Answers |Ask -Follow

Tax Expert - Answered on Apr 04, 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 - Mar 25, 2025Hindi

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My wife received rs 30 lak from her brother efter the sale of a property in June 2024 . How much income tax she has to pay.

Ans: 01. Please clarify, whether the sold property was in favour of your wife ?
02. If not, then it is not your wife's income. Her brother is liable to pay tax on the sold property. This amount shall not be taxable for your wife.
Most welcome for any further clarifications. 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.

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