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gift from mother


Anshul Gupta (Article clerk )     22 July 2019

Anshul Gupta
Article clerk  
 9 likes  131 points

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Gift from mother In wich sec exempt?

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Rohit Gala (student)     22 July 2019

Rohit Gala
student 
 23 likes  163 points

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

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Anshul Gupta (Article clerk )     22 July 2019

Anshul Gupta
Article clerk  
 9 likes  131 points

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Not under sec 10?

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Rohit Gala (student)     22 July 2019

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

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Anshul Gupta (Article clerk )     22 July 2019

Anshul Gupta
Article clerk  
 9 likes  131 points

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Computax m kha show krege to iski exemption claim krne ke liye

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rama krishnan   22 July 2019

rama krishnan

 957 likes  10419 points

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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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