EASYOFFICE
EASYOFFICE

Property purchase fund allowed I.t.act

This query is : Resolved 

20 August 2020 One of female I.t. Assess purchases of House property value Rs:20,00,000/-
Assess own money Rs:12,00,000/- in bank account.balance amount rs:8 lacs funds received from assess husband and daughter through on bank accounts.
Question:
Funds received from daughter and husband allowed under I.t. and other (Benami )acts applicable.


20 August 2020 Funds received from daughter and husband allowed under income tax act. It can be treated as gift and allowed under IT Act.




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