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income tax

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(Querist)
10 September 2008 cash gifts received by minor from his fans(who is a singer) will be taxed in the hands of his parents or no clubbing will be done?
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hemant mehandiratta

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hemant mehandiratta (Expert)
10 September 2008 yes will be clubbed if the gifted amount is more than 50000........
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Taxguy

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Taxguy (Expert)
10 September 2008 Section 64.
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