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Cash deposit sb bank account by parents

This query is : Resolved 

14 January 2021 If parents cash deposit Rs:10 lacs money Assess savings bank account.
Question:
Assess this amount how to show producer in I.t. returns.

14 January 2021 269ST attracted equal amount of penalty will be levied.

14 January 2021 Sir, amount received from parents Rs:10 lacs bank mode received son I.t. returns show gift transaction or loan transactions allowed I.t. act.




14 January 2021 Show gift transaction.



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