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Gift

This query is : Resolved 
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(Querist)
24 February 2014 i received money from relatives which resident of abroad , its how tax to me?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
25 February 2014 Gift received from relatives is NOT taxable.[Section 56(2)(vii)].

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