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Exemption in forein gift in cash

This query is : Resolved 
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(Querist)
10 January 2014 sir ,i got 1lakhs rupees from usa as a diwali gift to my client .than how much i pay tax on this gift .its come in tax slab .
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@VaibhavJ

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@VaibhavJ (Expert)
11 January 2014 Hi

Whole amount received by you is taxable under Income from other sources.

Thanks
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Rupesh Jain

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Rupesh Jain (Expert)
17 April 2014 this is consider your business income.
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