Gift from nephew to uncle

Hi,

It is exempt within the limit of INR 50000.

However, it is advisable to receive the amount through gift deed. 

A nephew can only gift amount less than 50k to his uncle without attracting income tax on it. 

As per income tax law, nephew is not a relative for uncle.

A nephew is a non relative as per income tax definition and hence the uncle can only receive upto 50k from any non relative without any tax during an year.

It would be better if the gift is through cheque and with a proper gift deed.

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

Thank you

Hello,

For uncle, a nephew isn't a relative as per the income tax law. Hence gift only up to Rs. 50,000 will be exempt in such cases.

I hope that this answer satisfies your requirements.

Regards,

CA Hunny Badlani

Hello Sir,

No, a nephew can gift his uncle only up to Rs. 50000 without attracting gift tax.