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REMITTANCE AND GIFT
difference between both
Replies (4)
Remittance is a type of payment which is given for any consideration or any service received where as Gift is a part of payment which is given without any consideration by will. In such cases there is no obligation to pay anything but in remittance , payment is compulsory .
please explain both treatment under Income tax
thank you and congratulations
arey @ subhagan please don't do this here in my queries 🙏
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