Sec 271 DA provision applicable
This query is : Open
21 July 2021
Sir,
It assess source of income below taxable limit(rs:2,50,000/)in f.y.20-21.if assess cash gift from parent rs:3 lacs through on cash mode received.
Question:
Assess sec 271DA penalty provision applicable in it act.
It assess source of income below taxable limit(rs:2,50,000/)in f.y.20-21.if assess cash gift from parent rs:3 lacs through on cash mode received.
Question:
Assess sec 271DA penalty provision applicable in it act.
21 July 2021
Yes, applicable since receipts of 'all nature' are covered in section 269ST.
23 July 2021
Applicable.
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