Received gift from relatived

yes the gift is exempted from tax

yes the gift is exempted from tax.

yes it is exempted                   

gift from relative is exempt from tax

just check that the person is covered under defn of relative in 56(2)vii

Confirm the relation with the act. Only gifts from few relations are exempted

gift received from relative is exempt

Yes. It is exempted as gift is received from relative

however before that you must know who include in relatives.

gift received from relatie is exampt bt confrm the relative according the income tax act 

Gift Received from Relative is Exempt under section 56 of IT Act :)
 

It is exempted ,

Provided  d relative is as per d defintion of relative as mentioned under  explaination to proviso u/s56 (2) (v).

very well answersed by everybody.....

Gift Received from relatives is exempt provided the relative falls under the defination of relation as given in section 56(2)vii

Yes as per sec 56(2)(vii), any gift including movable & immovable property from the relative is EXEMPT....As aravind said gift from selected relatives are exempt. Refer the provisions of the section.