Amount from daughter additional capital treatment
This query is : Resolved
29 October 2021
Sir,
It assess some amount received from family members(daughter) rs:10 lacs through on online mode.
Question:
Above amount received from family members transaction additional capital treatment allowed in it act.
It assess some amount received from family members(daughter) rs:10 lacs through on online mode.
Question:
Above amount received from family members transaction additional capital treatment allowed in it act.
29 October 2021
Yes, allowed as capital if its gift; otherwise treated as loan.
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