Rishabh received the following gifts during the previous year: (i) ₹ 50,000 from his employer. (ii) ₹ 1,00,000 from mother’s sister. (iii) ₹ 10,000 from his friend on the occasion of his marriage. (iv) ₹ 60,000 in the form of scholarship from a registered charitable trust. The amount of taxable gift under the head ‘Income from other sources is

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Question:Rishabh received the following gifts during the previous year: (i) ₹ 50,000 from his employer. (ii) ₹ 1,00,000 from mother’s sister. (iii) ₹ 10,000 from his friend on the occasion of his marriage. (iv) ₹ 60,000 in the form of scholarship from a registered charitable trust. The amount of taxable gift under the head ‘Income from other sources is

1.Nil

2.₹ 50,000

3. ₹ 1,50,000

4. ₹ 2,10,000

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  1. Rishabh received the following gifts during the previous year: (i) ₹ 50,000 from his employer. (ii) ₹ 1,00,000 from mother’s sister. (iii) ₹ 10,000 from his friend on the occasion of his marriage. (iv) ₹ 60,000 in the form of scholarship from a registered charitable trust. The amount of taxable gift under the head ‘Income from other sources is
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