Gift vs loan
This query is : Resolved
20 September 2013
If a person accepting amount of rs.35000/- by cheque from the relative as a gift for reducing cash negativity instead of treating it as a loan ....whether this practice is valid in the income tax act or not
20 September 2013
Yes ankita ..i don’t think there should be a problem…
You can just make a gift deed for the same
You can just make a gift deed for the same
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