GIFT transactions one finicial year

Kollipara Sundaraiah (B.com) (2984 Points)

27 December 2021  

A it person cash gift transactions mentioned below in f.y. 20-21

Dt: 20-06-20 cash gift from sister rs: 10 lacs through on online mode

Dt: 21-06-20 cash gift to daughter rs:10 lacs through on online mode.

Question:

Assessee above mentioned gift transactions one finicial year  accepted in it act.