Example: 2) X gets a gift of 43,000 from C, who is cousin of his father and he also gets a gift of 20,000 from D, who is elder brother of his grandfather.

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..... al & HUF - [Sec. 56(2)(vii)] Income Tax – Other Sources
Income Tax
Manuals
Dated:- 19-8-2015
Chapter No. 02 - Other Sources - Gifts received by Individual & HUF - [Sec. 56(2)(vii)] 63,000 .....

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