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GIFT RECEIVED FROM RELATIVE
If a person received property from relative as a gifit .is it taxable.
Replies (4)
What is the relation ?.
Good question dear Mr Prasad Nilugal...
keep it up...
keep it up...
Brother & Sister
If a person received property from relative (brother and sister) as a gift without consideration than it's not taxable under Income tax Act.
Because brother and sister (Not cousin) is considered as relative.
Because brother and sister (Not cousin) is considered as relative.
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