Money or property received in the following cases is exempt from tax except:
A. Received in contemplation of death of payer
B. Received from local authority
C. Received on marriage anniversary
D. Received from fund or institution referred in section 10(23C)
Answer:C
Money or property received in the following cases is exempt from tax except:
A. Received in contemplation of death of payer B. Received from local authority C. Received on marriage anniversary D. Received from fund or institution referred in section 10(23C)