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Gift to nephew is taxable or not

This query is : Resolved 

25 July 2017 One of my client has given some fund in form of Gift to its Nephew (Chachi to Bhatiza) my query is whether such Gift transaction is Taxable or not in Income Tax Act.

25 July 2017 Exempted..........

18 October 2021 For Bhatiza ,,, Chahchi is relative under sec. 56(2) of IT act...... So, tax free...




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