for exempt gifts in cash is gift deed needed?...i mean like say father gift money to son via netbanking and tagged as gift, is thta enough or is any other document also needed?
for exempt gifts in cash is gift deed needed?...i mean like say father gift money to son via netbanking and tagged as gift, is thta enough or is any other document also needed?
how is that done?...plain paper with rvenue stamp and sign of person giving the amount is enough?
sir, is there any case law available which proves the point that cash payment made TO transporter is having limit of 35000/- per transaction. The AO is of the opinion that the limit of 35000 is for the transporters to pay off their own expenditures.
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