A it person cash gift transactions mentioned below in f.y. 20-21
Dt: 20-06-20 cash gift from sister rs: 10 lacs through on online mode
Dt: 21-06-20 cash gift to daughter rs:10 lacs through on online mode.
Question:
Assessee above mentioned gift transactions one finicial year accepted in it act.
Yes, online bank transaction mode, accepted, but make gift deed for confirmation.
O P Bagla & Co LLP
New Delhi
CA Inter
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Boutique Investment Bank & Transaction Advisory Firm
Gurgaon
CA
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Shaswat initial support private limited
Ahmedabad
CS
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CAclubindia
