Easy Office
LCI Learning

Consideration from sale of property

This query is : Resolved 

14 July 2019 My Father has sold property. but part of the consideration had been received in my saving account. whether i have to treat as unsecured loan from father or treat as gift from father. no such gift deed was made during that time??? plz suggest ..

14 July 2019 In the said issue gift deed is not compulsory. Can be treated as loan/gift as both the parties if they so wish.



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