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Gift to friend

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 March 2015 Dear all expert
my client has given rs. 10000 by cheque. does this amount cover gift or donation.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
04 March 2015 It will be a gift, exempted from tax up to Rs 50,000.

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