Exemption u/s. 5(1)(v) of the Gift-tax Act, 1958--Gift other than a sum of money

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....the Gift-tax Act, 1958--Gift other than a sum of money Circular No. 304 Dated 2/6/1981 To             All Commissioners of Income-tax....

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....rcular dated 13-10-80 stands withdrawn. In other words, exemption u/s. 5(1)(v) of the Gift-tax Act is not confined to donations in cash/money only but is applicable to all types of properties, movable....