Accounts and Income Tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 February 2011
What will be the accounting treatment of GIFT received from relative (father in law)of Rs 200000?
please give the general entry and tax treatment of them if received in cash.
please give the general entry and tax treatment of them if received in cash.
10 February 2011
cash to gift recd
This will be exempt but will be subject to clubbing provisions.
This will be exempt but will be subject to clubbing provisions.
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