28 July 2022
SIR, It assessee cash gift from father rs:1 lacs each month * 12 months total rs:12 lacs through on cash mode received. Question: Assessee above transactions in it act.
28 July 2022
According to sec. 269 ST of IT act, not allowed to accept gift from same person, for same event, for Rs. 2 lakhs or more. Get gift/s by banking mode..
CAclubindia
