Cash Gift from Sale of Land from Relative

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HI experts,

I need to know whether cash received from relative from sale of land of about 15 lacs is exempted from tax? What if the same cash is deposited into bank account as Fixed deposit.

Thanks in advance.

Replies (2)

who sold the land assessee or relative

Originally posted by : Roopali Kadam

who sold the land assessee or relative


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