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Detailed Analysis- Gifts Taxation under IT Act
Posted by caushagarg
05 July 2014
25520 Views
Taxability of Gift under Income Tax Act, 1961As per Income Tax Act, receiver (donee) of gift is charged to taxation u/s 56(2)(vii). The donor of gift is not charged to taxation under this section. However, the below cases is analyzed from the taxatio
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