What is Gift tax?

ITR 256 views 8 replies

Under which section Gift to family members, is exempted and how much?

Whether giver will get benefit or the receiver will?

Replies (8)
Section 56 .

the receiver will get the benefit in income tax.
As per income tax sec 56(2)** gift received from relatives excempted.

Receiver is benefit...
Wrong section. quoted
As per income tax sec 56(2)** gift received from relatives excempted.

Receiver is benefit...
** is not sec abbreviation
Originally posted by : sabyasachi mukherjee
** is not sec abbreviation

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Warray wahh, What a brilliant knowledge...

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We will discuss about it later on
Really...!!!

What thinks I diacuss with You and Your knowledge...???

Please educate me Mr expert....


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