Cash gift


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 August 2012 We are collect Rs. 1/- from employee and paid to revenue department, it is a correct procedure? (Salary transfer from bank)

-- Regards

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 August 2012 one of my client has received cash gift worth RS.250000/- from his father during A.Y 2009-2010. case is reopen under section 147 and i have submitt all the document like declaration, 7/12,8A copy, Agriculture bill of his father even though they have passed order by adding 250000 Rs.now the case is pending against commissioner appeal...so now how to fight in appeal...whether a cash gift is disallowed received from father..???

29 August 2012 Regarding First Query: - No Problem

Regarding Second One:- No, It is Not a Income & Exempt Under Section 56.Since Father is Also a Relative.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
11 August 2026
COMPLIANCE EXECUTIVE

YMW COMPLIANCE SERVICES LLP

Others

CA Final

View Details
Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details
Company
17 August 2026
Chartered Accountant with US GAAP Experience

Austin Med Solutions Pvt Ltd

Bengaluru

CA

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

K R Kiran Kumar & Associates

Bengaluru

CA Inter

View Details