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.
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