Easy Office
LCI Learning

Amount received in bank A/c.

This query is : Resolved 

01 April 2020 Mr. A has received in his bank A/c Rs. 25 lakh from a group of friends who are not in the defination of relative for his cancer treatment.Whether 25 lakh is taxable in hands or not.Is there any provision or method so that he can save income tax which was received for his cancer treatment

01 April 2020 Is the amount will refundable...?!

01 April 2020 25 lacs received is taxable and 80DDB deduction can be claimed.




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




Answer Query