Taxpayer's Receipt from Mother's Sister's Son Not a Tax-Exempt Gift u/s 56(2)(v) of Income Tax Act.

Taxpayer's Receipt from Mother's Sister's Son Not a Tax-Exempt Gift u/s 56(2)(v) of Income Tax Act. https://www.taxtmi.com/highlights?id=16501 Gift received – definition of 'relative' as provided under Explanation to section 56(2)(v) - The amount received by the assessee from mother's sister's son does not qualify for the benefit - AT en-us Mon, 23 Dec 2013 11:16:38 +0530 Mon, 23 Dec 2013 11:16:38 +0530 TaxTMI RSS Generator Taxpayer's Receipt from Mother's Sister's Son Not a Tax-Exempt Gift u/s 56(2)(v) of Income Tax Act. https://www.taxtmi.com/highlights?id=16501 Gift received – definition of 'relative' as provided under Explanation to section 56(2)(v) - The amount received by the assessee from mother's sister's son does not qualify for the benefit - AT Highlights Income Tax Mon, 23 Dec 2013 11:16:38 +0530 https://www.taxtmi.com/highlights?id=16501