gift tax

This query is : Resolved 

16 December 2009 if a nephew gave gift to his bua whether it is exempt under gift tax act

16 December 2009 Yes

Explanation (iv) to Section 56(2)(vi)

16 December 2009 agree with expert.

16 December 2009 Yes .. because nephew is giving gift to sister of father

16 December 2009 AGREE


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