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 ..... on n what about its taxability under Income Tax Act,1956 Reply By CA Seetharaman K C: The Reply: Uncle is covered under Section 56(2) of the Income Tax Act, under the definition of relative, but Unc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... les Son is not covered X X X X Extracts X X X X X X X X Extracts X X X X
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