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gift

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(Querist)
24 February 2009 Dear Sir,

I want a gift to my friend of Rs. 5.00 lac what ablity should be to me.

Is that taxable for me or my friend.

how can we save tax in that case.

Harish
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C A GROUP COACHING

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C A GROUP COACHING (Expert)
26 February 2009 Taxable to your friend

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