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Gift given in blood relation

This query is : Resolved 

12 November 2015 Dear Experts,
Plz clarify, weather gift given in blood relation will exempt in the hand of Gift receiver or not,

Regard
Vishal Tomer

12 November 2015 Yes it is exempt in the hand of receiver.

12 November 2015 And in the hand of gift giver


12 November 2015 in the hands of GIVER also, no tax implications.



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