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Gift or loan

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Your new website is awsome.  I have received payment from anNRE a/c monthly for Rs 40000/= for 8 months.  Kindly suggest whether it could be shown as gift or loan. In either case it comes within my taxable limit. If treated as a loan whether agreement has to be made. The payments have been routed through banking channels. I  am a retired banker with no pension but a pf optee and the FD interest is around 25000 as per 26as.

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Definitely, with pleasure. 😊 

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