Gift
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 November 2015
I my in-Laws give me cash Rs. 50000/- or more for my business as a gift. Do gift deed is require ? and how to take this entry in my books of accounts ?
thanks and Happy Diwali
thanks and Happy Diwali
11 November 2015
You can accept the gift. You can introduce the same as your OWN capital.
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