https://www.taxtmi.com/circulars?id=4687 Exemption under section 5(1)(v) of the Gift-tax Act is limited to gifts to charitable institutions only insofar as such gifts qualify under the Income-tax provision that permits deductions exclusively for donations that are a sum of money; consequently, gifts in kind do not qualify for the Gift-tax exemption. en-us Mon, 13 Oct 1980 00:00:00 +0530 Sat, 02 Aug 2008 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4687 Exemption under section 5(1)(v) of the Gift-tax Act is limited to gifts to charitable institutions only insofar as such gifts qualify under the Income-tax provision that permits deductions exclusively for donations that are a sum of money; consequently, gifts in kind do not qualify for the Gift-tax exemption. Circulars Income Tax Mon, 13 Oct 1980 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4687