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Querist : Anonymous

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Querist : Anonymous (Querist)
22 September 2017 Dear Experts,

Can a person gift to the son of nephew is taxable or not?
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RAJA P M

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RAJA P M (Expert)
22 September 2017 No.... ......
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
22 September 2017 Nephew's son is not defined as a relative in IT Act. Gift is fully taxable
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