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Since the aggregate amount of gifts received by Ankit from vanous non-relative pe not exceed 50.000, therefore nothing shall be chargeable as income under the
Since the aggregate amount of gifts received by Ankit from vanous non-relative pe not exceed 50.000, therefore nothing shall be chargeable as income under the head othe Taxable gifts under the head Other Sources = NIL ILLUSTRATION 4 (Monetary gifts) 34 From the following particulars of Mr. Anuarieet Thind, compute the amount of chargeable as "Income under the head other sources D He received a cheque of 1.00.000 as a gift from his grandfather an 15 May (He received ? 21.000 from his friend from Canada as a gift on 31 May 2015 (tn) He received 5,00.000 under a will from tuis grandmother on 30 June 2014 I.) He received 50.000 from his father's friend on 30 June 2014 He received ? 15.000 as gift from his uncle on 30 September 2014 on his bir 1 He received * 20,000 as gilt from his employer an 1 October 2014 He received a gift of $1,000 from his father's brother on 30 November 201
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