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Commerce · Q777

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 777

Q777

On the occasion of marriage of Mr. Rahul, he received a gift of Rs. 75,000 from a relative. Such an amount shall be:

A.
Taxable
B.
Non-taxable
Answer
C.
Taxable subject to standard deduction of 50%
D.
None of the above

Answer: Option B

Solution

Answer: Option B
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