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Gift

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(Querist)
08 September 2012 Dear all ,

Please tell me that if son's wife want to give cash gift to her mother in law ,
are there any tax Liabilities raise in the income tax section 56 and section 64 for clubbing ,

it is very urgent please give the answer
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
08 September 2012 No no clubbing or gift provisions apply.

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