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income from other sources

(Querist) 18 May 2011 This query is : Resolved 
is gift received from friend for rs.52000 on shastipoorthi(marriage at 60 years) is taxable or not under the head income from other sources.
A V Vishal (Expert) 19 May 2011
Yes it is taxable gift.
Guest (Expert) 19 May 2011
Every income is accountable. No exemption to gift amount.


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