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gift from mother
Gift from mother In wich sec exempt?
Replies (5)
Sec. 56(2)(x) of IT act, 1961.
Not under sec 10?
No. gift is otherwise taxable u/h 'Income from other sources'; and not tax-exempt.
Computax m kha show krege to iski exemption claim krne ke liye
gift from relatives is exempt under section 56(2)(x) subject to clubbing provisions in the hands of donor
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