If starting new company capital drive from income from other sources , if that captial has any tax exemption or deduction
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Query is not clear > please elaborate
my friend is gifted money 5 lakhs for starting new business , he is forighn nation that money is exempted or taxable .
To answer this we need to know who has gifted this money. If you require help in this forum please give full details of your situation and query, please
my friend, any other details you required
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