Is any income earned from the investment of gifted amount taxable ???
Any income earned from d investment of gifted amt taxable ?
Prabeer (B. COM (H) CA & CS Final) (5484 Points)
31 December 2008
6 Replies
RANGA SRINIVAS
(CHARTERED ACCOUNTANT IN PRACTICE)
(164 Points)
Replied 31 December 2008
Yes it is taxable subject to exemptions under section 10
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