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gift from mother

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Article clerk
131 Points Posted on 22 July 2019
Gift from mother In wich sec exempt?
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On 22 July 2019 at 12:42 Report
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student
208 Points Posted on 22 July 2019

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

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On 22 July 2019 at 12:57
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Article clerk
131 Points Posted on 22 July 2019
Not under sec 10?
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On 22 July 2019 at 12:58
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student
208 Points Posted on 22 July 2019

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

1 Reply
On 22 July 2019 at 13:02
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Article clerk
131 Points Posted on 22 July 2019
Computax m kha show krege to iski exemption claim krne ke liye
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On 22 July 2019 at 13:04
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12244 Points Posted on 22 July 2019
gift from relatives is exempt under section 56(2)(x) subject to clubbing provisions in the hands of donor
1 Reply
On 22 July 2019 at 13:04


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