Gift
This query is : Resolved
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srinivasan ak
(Querist)
18 September 2020
Can I receive gift from my Mother's Mother ? If yes ? Under which clause of of relative definition under sec 56(2)(X)?
CA Raj Doshi
(Expert)
19 September 2020
56(2)(x)(a)... relative... any lineal ASCENDANT or descendant of the individual. can receive any amount tax free
srinivasan ak
(Querist)
19 September 2020
Thanks a lot for your reply
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