Income from gift
This query is : Resolved
01 October 2010
one of our client has received a gift from his father in law Rs. 1000000/-.
He has invested the same in business and earned Rs. 350000/-. Whether this income is included in the income of his father in law or it should be included in my clients income?
Thanks
He has invested the same in business and earned Rs. 350000/-. Whether this income is included in the income of his father in law or it should be included in my clients income?
Thanks
01 October 2010
should be included in your client income
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