Cash gift will not fall within the ambit of clubing provision.
subhash kumar jha
(PROFESSION)
(445 Points)
Replied 02 July 2016
Cash gift will not fall within the ambit of clubing provision.
Pradeep Narain
(CA)
(22 Points)
Replied 23 March 2020
Salary (Cash or funds a current asset) are being transferred. That is the gift .
Therefore income from that gift is taxable.
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