Rent pay to father amount treated to gift accepted
This query is : Resolved
04 January 2022
Sir,
It assessee rent paid to father rs:10,000/- p.m. *12 months total rs:1,20,000/-but assessee same amounts cash gift from father rs:10,000/- p.m. *12 months total rs:1,20,000/- received.
Question:
1Assessess rent paid account rs:1,20,000/- amount business expenses claim allowed
2.cash gift from father rs:10,000 /-*12 months credited every month by capital account accepted in it.
It assessee rent paid to father rs:10,000/- p.m. *12 months total rs:1,20,000/-but assessee same amounts cash gift from father rs:10,000/- p.m. *12 months total rs:1,20,000/- received.
Question:
1Assessess rent paid account rs:1,20,000/- amount business expenses claim allowed
2.cash gift from father rs:10,000 /-*12 months credited every month by capital account accepted in it.
04 January 2022
1 yes, it's allowed.
2 yes, it's accepted.
2 yes, it's accepted.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Defective Return - Tds on advance
- Fixed Deposit Claim Relinquishment by the Nominee
- Not a CA , can we prepare balance sheet
- TDS RATE ON RENT PAID TO NRI
- Income Type for interest from government bonds
- TCS ON SOFTWARE SALES
- FREELANCING ACCOUNTANT
- Gstr 9 2023-24
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
CAclubindia
