Relatives u/s 56(2)(vii) from whom Gift is permissible......

heres the download, just in case anybody needs it.

i would suggest u to just try and make the same picture twice by using a rough hand, and that would be enough.

"Do gifts both in cash and kind are taken into account, and what is the upper limit for such gifts?"

Originally posted by : B S BHMRA
	"Do gifts both in cash and kind are taken into account, and what is the upper limit for such gifts?"

Yes both are exempt. No limit in case of gifts from relative.

For details see file from below link...

SYNOPSIS OF TAXABILITY OF GIFT

please let me know can we gift agriculture land to our cousin brother, 

really

thank you for sharing

IS GIFT RECEIVED BY UNMARRIED GRAND DUGHTER OVER 18 YEARS OF AGE FROM HER GRAND MOTHER IN EXCESS OF Rs.50,000/- EXEMPTED UNDER INDIAN GIFT TAX ACT ?

DHANVANT SHAH

(MOB)(9980122779)

thank u sir

please let me know can we gift agriculture land to our cousin brother, 

A: no brother sec 56(2) does not include cousin brotheryou can gift it to your brother on the occation of HIS MARRIAGE

Thanks for this clear format. 

Keep on sharing your valuable knowledge.

Thanks for the info

MY BROTHER HAS GIVEN ME RS 500000.00 GIFT BY CHEQUE IT IS TAXABLE OR NOT,

Thanks Sir ji

Hi Mr.Sanjay, thks for the detailed info, how about gift from Nepew(sister's son) to Mama(sister's brother) or Mami(sister's brother's wife) ?