Amount received in bank A/c.
This query is : Resolved
Quick Summary
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
CA R SEETHARAMAN
(Expert)
01 April 2020
25 lacs received is taxable and 80DDB deduction can be claimed.
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