Money received in proprietorship firm
This query is : Resolved
26 July 2019
Dear Sir/Madam,
pls let me know can money received by son in his proprietorship from his father be taken as gift. or it should be taken as loan only.
pls let me know can money received by son in his proprietorship from his father be taken as gift. or it should be taken as loan only.
26 July 2019
In my opinion can show as a gift (with proper gift deed).
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