Dear All,
I have two queries from one of my friend . Pl answer and Thanks in Adv.
1. My friend's father has got a fund of Rs. 3.50 lacs as loan from his relative in UK for study of his daughter in UK which is to be paid back after getting a job/service in UK to him. His father has to file ITR now and How he 'll treat this receipt of Rs. 3.50 Lacs in his ITR.
2. I have got Rs. 5.50Lacs as gift from my mother whose income source is farming and agriculture. Since, she is Not filing any ITR how I 'll show this Receipt in My ITR and is my mother mandatorily liable for filing of I.T.R. ?
Cheerio !!!
CAclubindia
