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Gift amount Missing show income previous year

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25 July 2022 Sir,
A person cash gift from non relative value rs:3 lacs previous finicial year.if assessee rs:3 lacs not showing income treatment in it returns.
Question:
Assessess above transaction show procedure in books and it returns.

26 July 2022 Cash gift in excess of 2 lacs equal penalty payable under section 269ST.
Gift from non relative taxable in excess of 50,000.



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