Yes, it will be treated as gift. you have to make a gift deed for future reference.
CA Sanat Pyne
(F.C.A. & M.COM)
(20112 Points)
Replied 09 June 2011
Yes, it will be treated as gift. you have to make a gift deed for future reference.
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)