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Gift received by minor from relative
if a minor received a gift from relative then is that gift received is taxable in hands of parents under section 64 clubbing provision , even when gift received from relative exempt under section 56 (2)
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At first section 56 will be applicable to Minor then section 64 will be applicable.
if any income is taxable under this Act then only that income is clubbed u/s 64.
if any income is taxable under this Act then only that income is clubbed u/s 64.
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