05 January 2009
hi,, i am sumit..c.a final student.. i want to know that if any assets added directly to capital account ,,without any cash/bank transaction..then we have to pay tax on that assets ,that we are showing..?
05 January 2009
I think you are talking about Individual assessee. A assesee can get gifts and even ancestral property, I think all doubts cleared now !
CAclubindia
