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(Querist)
18 August 2015 I HAVE RECIEVED GIFT OF RS 5,00,000/- BY CHEQUE FROM MY SON IN LAW WHETHER SECTION 56 (2) (Vii) IS APPLICABLE UNDER I TAX ACT
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
18 August 2015 Gift received from relative is exempt.

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