Gift received from a relative
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 July 2013
Does the Income tax Act require a gift by cheque received from a 'relative' to be evidenced by a gift deed?
Does the Income tax Act require a gift by cheque received from a 'relative' to be evidenced by a gift deed?
19 July 2013
The act requires that the transaction should be genuine and to show it as such gift deed is required to be prepared even in case of "Gift by Cheque".
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
OR add as source on Google news
- Acquisition of a society by a company
- Rebate Under 87A Issue
- ITC Utilization on vehicle repair
- 2.25 CRORE TRADER, NO CASH TRANSACTIONS,3CD APPLICABLE?
- GST Applicability on Fair Price Shop Commission Income
- Transfer of immovable property without consideration
- Gratuity not yet paid shown in form 16
- FORM 115BAC
- HRA in ITR 2 FY 2024-25
- ITR filing of deceased person by his legal heir
- Mis report in excel format of hospital
- Updation Required
- Tax invoice in special case
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- GST on Restaurant service
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
- Filing GST Returns after death of proprietor
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
OR add as source on Google news
CAclubindia
