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23 April 2014 Is it taxable?? AC as a gift of Rs25000 received frm and Car of Rs 450000 from~ 1.Friends 2.Father?? Plz do reply....
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
23 April 2014 both not taxable...are included in personal effects. please refer section 56 and section 2(14)
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