gift on engagement
This query is : Resolved
08 June 2010
I HAD RECEIVED Rs. 10 LAC AS GIFT FROM MY IN-LAWS ON MY ENGAGEMENT. I WANT TO DEPOSIT THIS AMOUNT IN MY SB ACCOUNT AS THIS AMOUNT WILL BE USED-UP IN MY MARRIAGE LATER-ON.
ADVICE ABOUT THE POSSIBLE ENQUIRIES BY THE BANK OR IT-DEPARTMENT.
ADVICE ABOUT THE POSSIBLE ENQUIRIES BY THE BANK OR IT-DEPARTMENT.
08 June 2010
GIFT RECEIVED ON OCCASION OF MARRIAGE IS EXEMPT FROM TAX. SO, SHOW THIS AMOUNT AS GIFT RECEIVED ON OCCASION OF MARRIAGE. ALSO MAKE A GIFT DEED SINCE AMOUNT INVOLVE IS BIG.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Copyright software
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Multiple trade mark
- Transporter Declaration form
- Regarding TDS Applicability For Director Remuneration
- Value of property in capital gain
- LC charges in relation to Asset purchased should be Capitalised ?
- Negative ITC in Table 4(A)(5)
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
