treatment of gift received from friend and relatives ????

Plz follow the following link on this matter: https://www.taxguru.in/income-tax/amendments-to-section-562-with-respect-to-deemed-gifts-and-transfer-of-movable-immovable-property.html

simarpreet, you were right..........and thanks for the link.

Does Lineal ascendant of the indiviual also include Grand PA & Grand Ma.Can Spouse of the indiviual take any gift from the spouse of the brother of the either of  the parent of the indiviual

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