Easy Office
LCI Learning

Cash gift given-whether allowed??

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 November 2012 cash is given as gift amounted to Rs. 248000/- whether it is to be disallowed??? if yes-under what provision. such gift was given to individual by the other individual who is the relative of that other individual...
Profile Image

CA Hardik Bunha

Profile Image

CA Hardik Bunha (Expert)
26 November 2012 it is a income from other source but exempt from tax u/s 56(2)(i)
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 November 2012 what is the treatment in the books of accounts of the person who has given such gift...as it is given in cash??
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Dhirajlal Rambhia online

Profile Image

Dhirajlal Rambhia online (Expert)
11 August 2023

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links