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Gift

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21 June 2013 ONE OF MY FRIENDS COUSIN BROTHER WANT TO GIFT HIM SHARES WORTH RS. 2 LACS AS GIFT. WHAT WILL BE THE TAX IMPLICATION ON BOTH OF THEM. (FRIEND OWN UNCLE SON IS BEING DENOTED AS COUSIN BROTHER)

22 June 2013 you tke gift from friend uncle's son

it is taxbel in your hand,
due to not direct family relation.




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