Gift section 56(2)
This query is : Resolved
16 August 2011
what is the limit of exchanging gift b/w husband and wife?
Then what is the meaning of the section 56(2) clause vii in which 5 conditions are given which says 50000/- limit does apply on relatives?
Then what is the meaning of the section 56(2) clause vii in which 5 conditions are given which says 50000/- limit does apply on relatives?
16 August 2011
No limit,
Rs. 50000 limit does not apply to relatives
Rs. 50000 limit does not apply to relatives
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