A received RS 20 lakhs from his father in law .
Gift deed is required in this situation
Yes, with cheque or bank transaction ID...
2 Replies
PUSHP KUMAR SAHU
(CA FINAL ASPIRANT)
(3115 Points)
Replied 11 June 2019
THERE SHOULD BE A GIFT DEED IN FAVOUR OF DONEE....AND TRANSACTION SHOULD BE TAKEN PLACE THROUGH BANKING CHANNELS...
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