gift from mother


Article clerk

Gift from mother In wich sec exempt?
 
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student

Sec. 56(2)(x) of IT act, 1961.


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Article clerk

Not under sec 10?
 
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student

No. gift is otherwise taxable u/h 'Income from other sources';  and not tax-exempt.


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Article clerk

Computax m kha show krege to iski exemption claim krne ke liye
 
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gift from relatives is exempt under section 56(2)(x) subject to clubbing provisions in the hands of donor

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