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Gift

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(Querist)
10 February 2014 assume I have income of rs 300000 from salaries and then I go to a marriage and give gift of rs 200000. how much income would be taxable???? plz answer and refer section and link...if u can plz...
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
10 February 2014 Rs. 300000/- will be the taxable income of yours under the head salary income. Refer Section 15 and Section 17.

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