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August 13, 2016 Cash received as gift from some relatives is tax exempt
iStockPhoto I had gifted Rs.2 lakh to my spouse, with which she bought some shares. Who will pay the capital gains tax on the sale of these shares? —Kalpesh Dhar The entire money received by an individual from any person without consideration, the aggregate value of which exceeds Rs.50,000 in a financial year (FY), is […]
