07 March 2009
According to Sec 56(2)(vi) Gift Received from RELATIVES is totally exempt The Definition of Relative contain the Mama as relative & hence Exempt from Tax The Entry which you will Find is "Brother of Mother/Father of Individual"(Entry No.g&h)
07 March 2009
According to Sec 56(2)(vi) Gift Received from RELATIVES is totally exempt The Definition of Relative contain the Mama as relative & hence Exempt from Tax The Entry which you will Find is "Brother of Mother/Father of Individual"(Entry No.g&h)