alleryStart learning →Money gifts above Rs 25,000 were taxed under clause (v) until which date?
A31 March 2005
B30 September 2009
C31 March 2006
D31 March 2007
Answer & Solution
Correct answer: C. 31 March 2006
Clause (v) applied to sums received from 1 September 2004 but before 1 April 2006, after which clause (vi) took over.
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