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gift tax

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(Querist)
16 December 2009 if a nephew gave gift to his bua whether it is exempt under gift tax act
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CA SURENDRA KUMAR RAKHECHA

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CA SURENDRA KUMAR RAKHECHA (Expert)
16 December 2009 Yes

Explanation (iv) to Section 56(2)(vi)
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ANIL JANGID

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ANIL JANGID (Expert)
16 December 2009 agree with expert.
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CA. Rishabh Mittal

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CA. Rishabh Mittal (Expert)
16 December 2009 Yes .. because nephew is giving gift to sister of father
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
16 December 2009 AGREE

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