Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Gift-tax Act Amended: Gifts Up to 500 Rupees Now Exempt Under New Clause (xvi) in Section 5(1)</h1> Section 5 of the Gift-tax Act, 1958, has been amended by the Taxation Laws (Amendment) Act, 1984. A new clause (xvi) is added to sub-section (1), allowing gifts to any person up to a maximum value of five hundred rupees in one previous year to be exempt from gift tax.
TaxTMI 
TaxTMI 
