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RE:Gift Tax
by UMESH BANSAL on Apr 20, 2007 03:05 PM

1. If parents give house in a gift it is not subject to tax.
2. After maturity of PPF it is not taxable in the hands of ur mother and if she gift it to her son then it is not taxable whether his income subject to tax or not dont matter.

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All these incomes are tax-free