https://www.taxtmi.com/acts?id=36105 The amendment inserts a new taxable gifts clause to section 56 treating as income any aggregate sum of money received without consideration by an individual or HUF above a prescribed threshold in a previous year, subject to enumerated exemptions including gifts from defined relatives, on marriage, under a will or by inheritance, in contemplation of death, and receipts from local authorities, recognised charitable/educational/medical institutions and registered trusts. en-us Wed, 27 Feb 2019 17:38:05 +0530 Wed, 27 Feb 2019 17:38:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36105 The amendment inserts a new taxable gifts clause to section 56 treating as income any aggregate sum of money received without consideration by an individual or HUF above a prescribed threshold in a previous year, subject to enumerated exemptions including gifts from defined relatives, on marriage, under a will or by inheritance, in contemplation of death, and receipts from local authorities, recognised charitable/educational/medical institutions and registered trusts. Act-Rules F. Acts / Amendment Acts Wed, 27 Feb 2019 17:38:05 +0530 https://www.taxtmi.com/acts?id=36105