Poonawalla fincorps
Poonawalla fincorps

Gift transaction contra allowed in it act

This query is : Resolved 

25 December 2021 Sir,
A it person gift transaction mentioned below in f.y.20-21.
Cash gift received from sister rs:10 lacs through on online mode
Cash gift to daughter rs:10 lacs through on online mode.
Question:
Assessess cash gift transaction receipt and payment one financial year allowed in it act.

25 December 2021 Yes, it's allowed......



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