Gift
This query is : Resolved
15 December 2011
wheather gift is allowable or not under it act
15 December 2011
Allowable; if the gift not between the relatives(as per income tax act defination) then it is liable to tax in the hands of the receiver.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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