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Income Tax - Highlights / Catch Notes

Home Highlights October 2013 Year 2013 This

Application of section 56(2)(vi)(b) - taxability of gifts ...

Income Tax

October 1, 2013

Application of section 56(2)(vi)(b) - taxability of gifts received on occasion of the marriage his daughter – The expression “marriage of the individual“ is unambiguous in its intent and does not admit to an interpretation, that it would include an amount received on the marriage of a daughter. - HC

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