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

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