Gift received from father-in-law
This query is : Resolved
27 September 2011
Dear Sir, I have received Rs.100000/- from my father-in-law by cash. I want to know the procedures how to update records means my fatherinlaw was not an assessee. Please explain me in detail.
27 September 2011
No procedure for such gift from close relative. Just enjoy.
27 September 2011
Thank you Jagan Sir. there is no paper evidance for such transaction. If so please give me the format. Please inform me.
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