Gifts received from the following relatives are exempt from tax irrespective of the amount received. 1.Spouse of the individual 2.Brother or sister of the individual 3.Brother or sister of spouse of the individual 4.Brother or sister of either of the parents of the individual 5.Any lineal ascendent or descendent of the individual 6.Any lineal ascendent or descendent of the spouse of individual 7.Spouse of the person referred to in points 2 to 7.
It must be remembered that there may be cases where A is a relative of B in terms of this section and can give a gift of any amount to B but B may not be a relative of A satisfying the above definition.
