EASYOFFICE
EASYOFFICE

I.t.query for net income is low and gift value high

This query is : Resolved 
Profile Image

Profile Image

(Querist)
03 January 2021 Sir,
A I.t. Assess net taxable income is low(below 5lacs.)but assess cash gift to son amount Rs:10 lacs through on bank mode show in f.y 19-20.
Question:
Assess net taxable income is low and gift value amount high allowed in I.t act.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
04 January 2021 Such gift possible in view of accumulated savings in bank account.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links