Is gift tax exemption allowed for half brothers and half sisters( with only father or mother common) and their spouses, like full brothers and sisters( with same father and mother)?
RE:Gift tax exemption
by Amitabh on May 03, 2007 07:13 AM Permalink
Ahmed,it's amazing how such questions come in your mind ! Well,the law cannot provide for everything.In such grey areas,it is better to claim the exemption and go in appeal if the department contests.
