Gift
This query is : Resolved
11 February 2014
lets assume I have salary of rs 300000 and I gave a gift to my frnd of rs 200000. then hw much income would be taxable under salaries head??? and tell me the exps allowed in salaries head???
12 February 2014
the whole of income is taxable ie 3 lakhs...deduction under 80c are allowed...other than that no expense is allowed..
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