Gifting shares to spouse of sibling

Income Tax
1

Is there any taxation if I gift shares worth more than 50K to the spouse of my sibling? Or would it be considered as gift from relatives?

In simple terms: Would the spouse of my sibling be considered as my relative in the context of gift taxation?

2

Hey @arvind_Kumawat,

Yes, the spouse of sibling is considered as your relative as per the Income Tax Act.

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