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Income Tax - Highlights / Catch Notes

Home Highlights August 2011 Year 2011 This

Gift - The capacity of any person does not mean how much they ...


Court Clarifies "Capacity" for Gifts: Total Wealth, Not Just Income, Determines Gifting Power in Tax Context.

August 9, 2011

Case Laws     Income Tax     HC

Gift - The capacity of any person does not mean how much they earn, but the term capacity has wide term and that can be perceived by how wealthy he is....- HC

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