Tax-exempt gifts from relatives and others

Aisha , Last updated: 05 November 2007  
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It is very common for people to receive gifts from friends and relatives. In some cases, gifts are also received from NRls. Let us consider the latest provisions of the Income Tax Act, 1961 regarding gifts, and analyse how individuals can achieve complete exemption from income tax in respect of the

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Aisha
(Finance Professional)
Category Income Tax   Report

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