GIFT TAXABILITY

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....IFT TAXABILITY<br> Query (Issue) Started By: - puneet virmani Dated:- 25-12-2012 Last Reply Date:- 25-12-2012 Income Tax<br>Got 1 Reply<br>Income Tax<br>Can one make a gift to chacha's son ot tau's so....

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....n n what about its taxability under Income Tax Act,1956 Reply By CA Seetharaman K C: The Reply: Uncle is covered under Section 56(2) of the Income Tax Act, under the definition of relative, but Uncl....

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....es Son is not covered<br> Discussion Forum - Knowledge Sharing ....