RE:What abt taking money from my father?
by Amitabh on Apr 25, 2007 01:59 PM

If you receive a gift from your mother that won't be taxed in your hands but if you invest the same in shares and earn short term capital gain,you will be taxed at the rate of 10 % on the capital gain.And this gain will be treated as your income and taxed accordingly.

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