I think Mr. Lakhotia should be mad and claim exemption U/S 80 U and INCOME TAX dept should file case case against this mad fellow.
How can gift to other family members can be granted as exemption to Mr. Zerotaxwala, has Mr. Lakhotia read and /or misread or misinterprited Section of gift tax.
Is our FM so fool to leave such a big LOOP HOLE is the ACT.
I think Mr. Lakotia should be banned and rediff should APOLAGISE FOR THIS GROSS NEGLIGENCE OF PUBLISHING SUCH STUPID AND MIS LEADING ARTICLE ON THE NET.
Otherwise the readers will loose trust in such highly reputed website which is PRIDE OF INDIA.
