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![[QnA] Can I Claim Income Tax Benefits on Selling Gifted Jewellery? Key Questions on Gift Taxation in India Answered](https://www.taxscan.in/wp-content/uploads/2024/12/Gift-tax-in-india.jpg "[QnA] Can I Claim Income Tax Benefits on Selling Gifted Jewellery? Key Questions on Gift Taxation in India Answered")
[QnA] Can I Claim Income Tax Benefits on Selling Gifted Jewellery? Key Questions on Gift Taxation in India Answered
Are gifts from relatives taxable in India? A: Gifts from relatives are exempted from Tax in India. It is defined under section 56(2)(x) of the...
![Share Valuation for Gift Tax Purposes shall be in accordance with Restrictions on Transfer: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/10/Share-Valuation-Gift-Tax-Restrictions-Transfer-Supreme-Court-taxscan.jpg "Share Valuation for Gift Tax Purposes shall be in accordance with Restrictions on Transfer: Supreme Court [Read Judgment]")
![Delhi HC Quashes ITAT Order Invalidating Gift Tax Proceedings since Taxability of Transaction was not considered [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/02/Gift-Tax-Taxscan.jpg "Delhi HC Quashes ITAT Order Invalidating Gift Tax Proceedings since Taxability of Transaction was not considered [Read Judgment]")
![Capital Gain Tax would not Attract if the Previous Transaction which the assesee acquired the Property was not Taxable: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/04/Nusli-Wadia-Taxscan.jpg "Capital Gain Tax would not Attract if the Previous Transaction which the assesee acquired the Property was not Taxable: Bombay HC [Read Judgment]")
Amount Received from Wholly Owned Subsidiary for Transfer of It’s Shares to a Group of Shareholders of the Holding Co. is not Capital Gain: SC [Read Order]
In CIT v. M/s Annamalaiar Mills, a two-judge bench of the Supreme Court categorically held that the amount received from a wholly-owned subsidiary in consideration of transfer of shares of the WOS to...
![Amount Received from Wholly Owned Subsidiary for Transfer of It’s Shares to a Group of Shareholders of the Holding Co. is not Capital Gain: SC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/07/Supreme-Court-of-India-Tax-Scan.jpg "Amount Received from Wholly Owned Subsidiary for Transfer of It’s Shares to a Group of Shareholders of the Holding Co. is not Capital Gain: SC [Read Order]")