Showing posts with label Exemption. Show all posts
Showing posts with label Exemption. Show all posts

Thursday, August 25, 2011

A gift received from 'relative', irrespective of whether it is from an indi

IT : A gift received from 'relative', irrespective of whether it is from an individual relative or from a group of relatives (e.g., HUF) is exempt from tax - [2011] 11 taxmann.com 384 (Rajkot - ITAT)