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Tax for gift

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(Querist)
30 May 2017 Dear sir,
any income tax is applicable for personal gift of Rs.500000/- to nephew who is staying in abroad. Kindly suggest.
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CA Mohit Kumar

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CA Mohit Kumar (Expert)
30 May 2017 it is exempt . it is covered under relative def..
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
30 May 2017 No such gift is completely exempted.
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