easy5 pts · first answer countsincome-tax

A cash gift from a brother

An individual receives a cash gift of ₹2,00,000 from her brother. How is it treated under income tax?

A.Fully taxable as income from other sourcesB.Not taxable, because gifts from a relative such as a brother are exemptC.Taxable only above ₹50,000D.Taxable as salary income

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A cash gift from a brother

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