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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.

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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
35 Reply
On 22 July 2019 at 13:04


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