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Inherited gift is a taxed gift which was applied on 28 February, 1974 In India .For example if you Buy a gift a costly gift for your friend & send it through a courier You have to pay tax. The more costly the gift the more the tax is. Highest tax is 33%
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Inherited gift is a characteristic which we get from our parents during Sexual Reproduction. Plz mark as a brainliest
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