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Cash received in inheritance

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05 March 2014 amount of rs 60 lakh received in case of inhertitance to wife from her parents. plz tell me treatment of this situation in books of wife for accounting or tax purpos in a.y. 2014-15
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
05 March 2014 it is exempted as there is no income as per income tax act and sec 56(2) also exempts it...
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