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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

Undisclosed income - on occasions such as marriage the parents ...

Income Tax

March 10, 2015

Undisclosed income - on occasions such as marriage the parents and parents-in-law of a bride do normally gift jewelery to the bride. On occasion such as this, it is not possible to expect the bride to ask for evidence of bills/invoices to support the purchase of the jewelery. One has to proceed on the basis that it is genuine. - HC

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