Exemption in forein gift in cash

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sushil kumar singh (Querist)
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10 January 2014 sir ,i got 1lakhs rupees from usa as a diwali gift to my client .than how much i pay tax on this gift .its come in tax slab .

@VaibhavJ (Expert)
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11 January 2014 Hi

Whole amount received by you is taxable under Income from other sources.

Thanks

Rupesh Jain (Expert)
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17 April 2014 this is consider your business income.

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