gift from mother

Sanjay I Thacker (Accountant) (524 Points)

04 July 2018

gift from mother is exempt under which section?

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5 Replies

Prashanth Kumar DN (7 Points)
Replied 04 July 2018

Gift from Relatives is Exempt Under provision of SECTION 56(2)(x)

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Brahma nanda Agrawal (KOLKATA) (331 Points)
Replied 04 July 2018

Gift from mother is exempt Under section 56(2) X of Income tax act 1961.

Aastha Gupta (15 Points)
Replied 04 July 2018

gift from mother is exempt under section 56(2) (x)

KOUSHAL JAIN (Chartered Accountant) (471 Points)
Replied 04 July 2018

Gift Received from mother covered in definition of gift from relative and exempt under section 56(2)(X)

Sanjai B (78 Points)
Replied 05 July 2018

gift received from relative are exrmpted

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