IF MR. A has received Rs. 5,00,000 from Mr. Y who is not a resident of India through online bank transfer. Is such amount will be taxable in the hand of Mr. A and under which head in the following two circumstances?
i ) IF Mr. A is not owner of such amount and has to
refund such amount to Mr. Y after certain period.
ii) If Mr. A. is owner of such amount.
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