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https://www.eserviceshelp.in/income-tax/gift-taxability-section-56-2vii/ Gift Taxability Under Section 56 2(VII) | Eserviceshelp.in Dec 8, 2017 - An individual and HUF Gift is a very common in Income tax term but to avoid the tax evader Government has made some provision related to this concept. gifttaxabilitysectionvii