how much amount can take from mother in cash as per IT act as gift and loan?
( for business purpose)
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Cash loan & gifts
Replies (4)
Loan amount - up-to 20k
gift - up-to 2 lakhs
gift - up-to 2 lakhs
Gift received as a cash amount 200000 per year need to show in IT return?
Yes... It will be shown in ITR.
You can get a payday loan. I recently get a payday loan from https://easyqualifymoney.com/ for some personal expenses.
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