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Tax related to gifts

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sheela Aryal

sheela Aryal (Querist)
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17 February 2014 my father gave Rs.1crore as gift,is it taxable?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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17 February 2014 Gifts received from relatives is NOT taxable u/s 56(2)(vii)

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