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    <title>Tax Exemption for Gifts as Movable Property: Section 56(2) Updated; Rule 11UAC Amended for Fund Relocation Conditions.</title>
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    <description>Exemption from Taxation of gift received U/s 56(2) - any movable property, being shares or units or interest in the resultant fund received by the fund management entity, in lieu of shares or units or interest held by the investment manager entity in the original fund, pursuant to the relocation, subject to conditions - Rule 11UAC of the Income Tax Rules, 1962 amended.</description>
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      <description>Exemption from Taxation of gift received U/s 56(2) - any movable property, being shares or units or interest in the resultant fund received by the fund management entity, in lieu of shares or units or interest held by the investment manager entity in the original fund, pursuant to the relocation, subject to conditions - Rule 11UAC of the Income Tax Rules, 1962 amended.</description>
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