Gift to friend
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 March 2015
Dear all expert
my client has given rs. 10000 by cheque. does this amount cover gift or donation.
my client has given rs. 10000 by cheque. does this amount cover gift or donation.
04 March 2015
It will be a gift, exempted from tax up to Rs 50,000.
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