Mr. X received gifts of ₹ 2,00,000 from his father, ₹ 1,00,000 from his friend and ₹ 1,00,000 on his marriage. Taxable amount for A.Y. 2021-22 is:
A. ₹ 4,00,000
B. ₹ 3,00,000
C. ₹ 2,00,000
D. ₹ 1,00,000
Answer:D
Mr. X received gifts of ₹ 2,00,000 from his father, ₹ 1,00,000 from his friend and ₹ 1,00,000 on his marriage. Taxable amount for A.Y. 2021-22 is:
A. ₹ 4,00,000 B. ₹ 3,00,000 C. ₹ 2,00,000 D. ₹ 1,00,000