alleryStart learning →A non-relative gifts exactly Rs 50,000 in a year. Taxable amount?
ARs 50,000
BRs 10,000
CNil
DRs 25,000
Answer & Solution
Correct answer: C. Nil
Clause (x) bites only when the aggregate exceeds Rs 50,000, so an amount of exactly Rs 50,000 is not taxed.
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