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tax is Deducted at Source
by Anand K on Jul 28, 2008 07:05 AM

Mr Lakhotia - please explain how my income becomes exempt by gifting, as my income is already post tax even before I can gift it to family due to deduction of tax at source. Completely bogus and fraud article at least for salaried individuals.

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Family income of Rs 13.10 lac & zero tax