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Exemption u/s. 5(1)(v) of the Gift-tax Act, 1958—Gift other than a sum of money
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....t other than a sum of money. The question as to whether gifts in kind made by any person would be eligible for exemption under section 5(1)(v) of the Gift-tax Act, 1958, has been considered by the Board in consultation with the Ministry of Law. 2. The Board have been advised that a gift other than a sum of money would not be eligible for such exemption in view of the Explanation 5 to section 80G....