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RE:how to gift money
by Shiva Kumar on Jul 10, 2008 10:21 AM

Dear Vikram....its not possible. The author has painted some fantacy...could be explored only if your source of income is from business or other income and again if you can spare to invest Rs.5 lacs. Its not applicable / possible if your income of 13 lacs is from salary.

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Family income of Rs 13.10 lac & zero tax