State which out of the following gifts received during the year by Girish from different persons shall be subject to tax in the assessment year 2021-22: (i) Wristwatch of ₹ 75,000 given by a non-resident friend. (ii) Cash of ₹ 51,000 given by her elder brother. (ii) Cash of ₹ 21,000 each given by 4 friends on his birthday. (iv) Painting of ₹ 30,000 given by employer on his birthday. Select the correct answer from the options given below:

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Question:State which out of the following gifts received during the year by Girish from different persons shall be subject to tax in the assessment year 2021-22: (i) Wristwatch of ₹ 75,000 given by a non-resident friend. (ii) Cash of ₹ 51,000 given by her elder brother. (ii) Cash of ₹ 21,000 each given by 4 friends on his birthday. (iv) Painting of ₹ 30,000 given by employer on his birthday. Select the correct answer from the options given below:

1. (iii) and (iv)

2.(i), (in) and (iv)

3.(ii) and (iii)

4.All the four in (i), (ii), (iii) and (iv)

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  1. State which out of the following gifts received during the year by Girish from different persons shall be subject to tax in the assessment year 2021-22: (i) Wristwatch of ₹ 75,000 given by a non-resident friend. (ii) Cash of ₹ 51,000 given by her elder brother. (ii) Cash of ₹ 21,000 each given by 4 friends on his birthday. (iv) Painting of ₹ 30,000 given by employer on his birthday. Select the correct answer from the options given below:
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