Cash gift given-whether allowed??
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 November 2012
cash is given as gift amounted to Rs. 248000/- whether it is to be disallowed??? if yes-under what provision. such gift was given to individual by the other individual who is the relative of that other individual...
26 November 2012
it is a income from other source but exempt from tax u/s 56(2)(i)
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 November 2012
what is the treatment in the books of accounts of the person who has given such gift...as it is given in cash??
11 August 2023
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