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Query
by sPankil on Aug 04, 2006 05:24 PM

Hi,

My company is giving me a bonus of 80000Rs. Is it possible for me to get a Gift worth (40000 - a Laptop) and take another 40000 as Cheque. In order to save the tax on 40000 (Gift)?

Or I have to pay tax on entire 80000 even if I get a Laptop from company as gift.

Regards

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The above message is part of the Discussion Board:
Look out. Gifts are taxed too