Akshay received a gift of ₹ 35,000 from his three friends each on 22nd May, 2018. The amount chargeable to tax in this case would be –
A. ₹ 50,000
B. ₹ 1,05,000
C. Nil
D. ₹ 55,000
Answer:B
Akshay received a gift of ₹ 35,000 from his three friends each on 22nd May, 2018. The amount chargeable to tax in this case would be –
A. ₹ 50,000 B. ₹ 1,05,000 C. Nil D. ₹ 55,000