Vankatesh has received ₹35,000 from each of his two friends on 14th, February 2022 on the occasion of his marriage anniversary. What would be the taxability of the said sum in the hands of Vankatesh for the assessment ye
CS Executive · Tax Laws · PYQS · December 2022
Vankatesh has received ₹35,000 from each of his two friends on 14th, February 2022 on the occasion of his marriage anniversary. What would be the taxability of the said sum in the hands of Vankatesh for the assessment year 2022-23?
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax Act, 1961
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