Gift
This query is : Resolved
28 September 2009
Mr.A's HUF receives gift by cheque of Rs.2 lakhs from Mr B who is elder brother of Mr A.
Please tell me with reason whether this gift is taxable or not.
Thanks
Parikhnavin
Please tell me with reason whether this gift is taxable or not.
Thanks
Parikhnavin
28 September 2009
No not taxable.
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