dear sir/madam
A 65 yr old woman with zero income received a gift of rs 20 Lakhs. out of this 20 lakhs, 10 lakhs of gift is given by her own sister and other 10 lakhs is given by the son of her own sister. Her PPF contribution is 1.5 lakhs. kindly tell me how much income tax does she need to pay.
O P Bagla & Co LLP
New Delhi
CA Inter
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T R SOOD & CO
New Delhi
CA Inter
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CAclubindia
