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)
(20107 Points)
Replied 09 June 2011
Yes, it will be treated as gift. you have to make a gift deed for future reference.
Certification Course on GSTR-3B Reconciliation with GSTR-2B through Chat GPT