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Tax Column


Jayesh Dadia
Chartered Accountant 

I am an individual earning salary income. During the financial year 2018-19, I received a gift of Rs. 5 lakh from one of the client of my employer. The gesture was on account of my commitment and services to that client and also out of love and affection towards me. Isthe amount of Rs. 5 lakh taxable in my hand as part of my salary income?

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