Samir (ACA) (113 Points)
28 July 2012
CA Unnikrishnan Nair N
(Chartered Accountant)
(2083 Points)
Replied 30 July 2012
If it exceeds Rs.5000/- entire amount is liable to tax . But you can avail basic exemption if the aggregate value of a FY is less than Rs.10L.
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