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Loan/Gift given to parents

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(Querist)
27 January 2009 Is Loan / Cash Gift given to parents eligible for Tax Benefit/Deduction/Rebate any thing unde any section.

Thanks and Regards
~Ashish Jain
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Zeeshan

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Zeeshan (Expert)
27 January 2009 NO ASHISH IT HAS NO TAX BENIFIT AT ALL.

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