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Amount received by way of gift, etc - Section 10(39)
by aakanksha gupta on Apr 29, 2007 12:15 AM

I am not very clear on the Gift issue.



Can I receive gift amount of Rs. 2 lacs - tax exempted from my close relatives (bua or mausi) without any specific reason like marriage etc.



Please make it more clear.

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The above message is part of the Discussion Board:
All these incomes are tax-free