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Tag: Income tax on birthday gift

Income Tax

Gift received on Birthday / Anniversary in cash of an aggregate amount exceeding Rs. 2 Lakh is violation of Section 269ST

November 11, 2020 0 Comments
Gift received on Birthday / Anniversary in cash of an aggregate amount exceeding Rs. 2 Lakh is violation of Section 269ST There are numerous provisions in the Income Tax Act – 1961 which prohibits cash transactions. One such provision is ...
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