treatment of gift received from friend and relatives ???? - Income Tax | Tax queries [2]

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treatment of gift received from friend and relatives ????

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CA Simarpreet Singh Gulati (Chartered Accountant) (530 Points)
Replied 04 February 2010

Plz follow the following link on this matter: https://www.taxguru.in/income-tax/amendments-to-section-562-with-respect-to-deemed-gifts-and-transfer-of-movable-immovable-property.html

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Sourav Modi (Learner!) (306 Points)
Replied 04 February 2010

simarpreet, you were right..........and thanks for the link.

PURNIMA MADHOGARIA (CA Final Student) (34 Points)
Replied 19 July 2010

Does Lineal ascendant of the indiviual also include Grand PA & Grand Ma.Can Spouse of the indiviual take any gift from the spouse of the brother of the either of the parent of the indiviual

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