Suppose i have received Rs 2 crore in my marriage but half the amount received is in my bro's account and some amount in my papa's account and the remaining amount in my account. Now i am confused that in whose return the amount of gift is exempt. Since the same amount is shown in my account as well as in my bro's and my papa's account.
09 October 2012
but the same amount will be shown in bank accounts... And can i take advantage of this situation, by showing some extra amount as marriage gift.
CAclubindia
