27 July 2020
Dear Sir, I paid Rs 10 Lakh money to my brother in FY 2019-20 as a gift whether it is taxable to my brother or not, What legal record is to be maintained by me if no gift deed is made by us till date.
28 July 2020
What if AO said to us that the above payment is not gift and it is a loan, now in that case what document i provide to AO that it is a gift
CAclubindia
