HI experts,
I need to know whether cash received from relative from sale of land of about 15 lacs is exempted from tax? What if the same cash is deposited into bank account as Fixed deposit.
Thanks in advance.
Karthikeyan (CA Final) (174 Points)
16 June 2011HI experts,
I need to know whether cash received from relative from sale of land of about 15 lacs is exempted from tax? What if the same cash is deposited into bank account as Fixed deposit.
Thanks in advance.
CA. Roopali Kadam
(Jobs on assignment basis.)
(1453 Points)
Replied 16 June 2011
who sold the land assessee or relative
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 16 June 2011
Originally posted by : Roopali Kadam | ||
who sold the land assessee or relative |
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