Additions u/s 56 - The gifts received from the close relatives ...

Close relatives' gifts and rights surrender exempt from Section 56(2) of the Income Tax Act.

December 10, 2018

Case Laws Income Tax AT

Additions u/s 56 - The gifts received from the close relatives u/s 56(2)(v) are outside the scope of 56(2). - The surrender of the rights of the close relatives in favour of the another close relative is covered for exemption u/s 56(2)(vii)(c) of the Act.

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Additions u/s 56 - The gifts received from the close relatives ...

Close relatives' gifts and rights surrender exempt from Section 56(2) of the Income Tax Act.

December 10, 2018

Case Laws Income Tax AT

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