income tax
This query is : Resolved
CA Gaurav Gupta
(Querist)
10 September 2008
cash gifts received by minor from his fans(who is a singer) will be taxed in the hands of his parents or no clubbing will be done?
hemant mehandiratta
(Expert)
10 September 2008
yes will be clubbed if the gifted amount is more than 50000........
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