Chandni (age 14) received ₹70,000 as cash gift on her birthday from her parents' friends. How much of her income would be liable for clubbing in the hands of her parent ?
CS Executive · Tax Laws and Practice · PYQS · December 2019
Chandni (age 14) received ₹70,000 as cash gift on her birthday from her parents' friends. How much of her income would be liable for clubbing in the hands of her parent ?
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income Tax
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