Tax on gifts

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Raju (Querist)
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12 January 2014 dear all we will get gift as property from father so how can file the income tax return. and what is the tax on gift

CS,CA F,Numrologi TusharSampat (Expert)
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13 January 2014 since it is receieved from father it is not taxable as its rec from relative as per expl to sec 56(2).

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