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GIFT

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(Querist)
08 November 2010 Respected Experts,
Is there any limit of gift amount to a relative under Income Tax Act 1961 by any Assessee.
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Debashis
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
08 November 2010 No there is no limit to give gift to a relative as defined u/s 56(2).

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