20 September 2012
Dear Sir, Suppose an individual received Rs. 250000/- in cash from his father, and for that event they draft a gift deed on plain paper. Whether AO will accept this transaction as a gift.
20 September 2012
gift by father, mother, and closed blood relatives will be acceptable in your case the ASSESSSING OFFICER SHOULD ACCEPT THE GIFT by your father.
CAclubindia
