A person received 40000 rupees as a gift from parents in a year and also receives 40000 as a gift from the friends in the same year.
My question is 40000 + 40000 = 80000 so does it becomes taxable income
Or the gift from parents and gift from friends are considered separately.
Boutique Investment Bank & Transaction Advisory Firm
Gurgaon
CA
View Details
BHUPINDER SHAH AND COMPANY
New Delhi
CA Inter
View Details
CAclubindia
