Rakhi Gifts: Who Qualifies as a Relative for Income Tax?

The article explains that for income-tax purposes, the term “relative” is based on a specific statutory definition rather than ordinary family relationships. It states that gifts received from specified relatives are generally outside the gift-tax provision, while relationships such as cousin siblings, muh-bola bhai or muh-boli behen are not included in the stated definition.   Website URL: https://taxguru.in/income-tax/rakhi-gifts-qualifies-relative-income-tax.html