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Querist : Anonymous

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Querist : Anonymous (Querist)
08 December 2016 Hello, A PERSONS HAS SB A/C AND TOTAL CREDITS 2245850/ HE FILE ITR U/S 44AD DECLARING PROFIT 204000+ 45000 GIFTS=249000, FOR AY 2016-17. CAN ITO ASK GUINENESS OF GIFT AND AND ASK FOR TAX ON GIFTS,. KINDLY REPLY SUPPORTING ANY CASE LAW
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CA Suresh Jain

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CA Suresh Jain (Expert)
08 December 2016 If it comes under scrutiny, yes, ITO can ask

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