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Commerce · Q29

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 29

Q29

Any amount of money received in excess of Rs. 50,000 without consideration is fully taxable in the hands of

A.
Individuals
B.
Individuals and HUF
Answer
C.
Individuals, HUF and Comany
D.
All of the above

Answer: Option B

Solution

Answer: Option B
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