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gift ..
by
Redif is great
on Jul 16, 2008 04:10 PM
i'll send 10k to my father my month. i am paying tax on that amount. do my father need to show that amount as income from gift while filing returns ?
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The above message is part of the Discussion Board:
http://specials.rediff.com/money/2008/jul/16sld1.htm