Gift from mother

Rajesh PB (80 Points)

18 January 2018  

GREETINGS,

SCENERIO 1

I HAVE RECEIVED 10L WORTH SILVER JEWELLERY FROM MY MOTHER.
I M GOING TO USE THAT IN MY OWN PROPRITORY BUSINESS IN WHICH I OWN SILVER JEWELLRY.

1.SHOULD I GENERATE PURCHASE INVOICE FOR IT?
2.CAN I USE THAT GOODS IMMEDIATLY ?

3. ANY GIFT DEED REQUIRED ?

SCENERIO 2

IF THE ABOVE GOODS GIVEN AS LOAN?