TMI BlogGift taxabilityX X X X Extracts X X X X X X X X Extracts X X X X ..... Gift taxability X X X X Extracts X X X X X X X X Extracts X X X X ..... a/c of a person residing outside india? or covered under the limit of Rs. 50000 where there is no blood relation Reply By D Gupta: The Reply: There is no bar for receiving gift from NRE account of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a person residing outside India under Income Tax Act. However, under the provisions of section 56, the same should also meed the conditions for escaping income tax X X X X Extracts X X X X X X X X Extracts X X X X ..... ring ..... X X X X Extracts X X X X X X X X Extracts X X X X
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