close friend of the assessee living abroad sent cash gift of 75000 through a relative..taxability?
2 Replies
itika mehra
(articled assistant)
(202 Points)
Replied 25 April 2010
Yes the whole of amount received by the person is taxable.
Austin2
(Business)
(21 Points)
Replied 26 April 2010
Ho.. is it..!
This is query i'm carrying since long time..Now it's been clarified..Thanks for providing info.
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