income from other sources

pavani.pothugunta (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.

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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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