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(Querist)
21 March 2012 Whether a gift by father to son is attracted in clubbing provision.? Please reply asap
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CA Nikhil Jhanwar

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CA Nikhil Jhanwar (Expert)
21 March 2012 No Gift by father to son will not attract clubbing provisions until the son is minor, in that case it will be clubbed alongwith deduction of rs. 1500 is available for this purpose.

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