Akshay received a gift of ₹ 35,000 each on 22nd May 2020 from his three friends. The amount chargeable to tax, in this case, would be

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Question:Akshay received a gift of ₹ 35,000 each on 22nd May 2020 from his three friends. The amount chargeable to tax, in this case, would be

1. ₹ 50,000

2.₹ 1,05,000

3. Nil

4.₹ 55,000

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  1. Akshay received a gift of ₹ 35,000 each on 22nd May 2020 from his three friends. The amount chargeable to tax, in this case, would be
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