07 August 2017
Dear Experts,
Good evening,
Sir, My wife got gifted amount Rs. 350,000/- and that amount transferred to our joint A/c due to insufficient funds to show in my A/c for Europe visa purpose, please let me know how I have to show the amount in my ITR and also let me know whether it is not taxable income or taxable income... Thanks in advance
07 August 2017
Hi sir, let me explain the situation clearly... Actually my father-in-law sold his property and some amount around 8L buyer directly transferred to my wife's a/c on instructions of my father-in-law it's happens in feb-16, and my wife transferred some amount
07 August 2017
To her father a/c and 3.5L my a/c (it's our joint a/c) in the month of July - 16, please let me know what will be the situation for ITR, PLEASE LET ME KNOW WHAT I HAVE TO DO
CAclubindia
