it assess example net income rs:4 lacs in it returns
1.cash gift to son rs:8 lacs through on online mode
2.domestic expenses rs:2 lacs (personal drawings)
question:
assess net income is very low and cash gift and personal drawings total high value accepted in it act.
Menu
It query for net income low and cash gift and personal drawings high value accepted
Replies (1)
Yes provided you are able to substantiate them.
Recent Threads
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
- Who is responsible for paying GST Liability (If th
- Excess Payment on RCM
- AOC4 auto population of previous year data
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
Related Threads
CAclubindia
