Gift

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srinivasan ak (Querist)
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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)
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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)
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19 September 2020 Thanks a lot for your reply

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