Any amount of money received in excess of Rs. 50,000 without consideration is fully taxable in the hands of
A. Individuals
B. Individuals and HUF
C. Individuals, HUF and Company
D. All assesses
Answer:B
Any amount of money received in excess of Rs. 50,000 without consideration is fully taxable in the hands of
A. Individuals B. Individuals and HUF C. Individuals, HUF and Company D. All assesses