Itr
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 December 2016
Hello, A PERSONS HAS SB A/C AND TOTAL CREDITS 2245850/ HE FILE ITR U/S 44AD DECLARING PROFIT 204000+ 45000 GIFTS=249000, FOR AY 2016-17. CAN ITO ASK GUINENESS OF GIFT AND AND ASK FOR TAX ON GIFTS,. KINDLY REPLY SUPPORTING ANY CASE LAW
CA Suresh Jain
(Expert)
08 December 2016
If it comes under scrutiny, yes, ITO can ask
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