1.
I.t. assess
A. gift received from father 170000 by cash
b. gift received from brother 150000 by cash another date.
c. gift received from father 5 lacs by bank check another date.
above transactions one finicial year . all transactions accepted or not.
2. I.t. assess cash paid to debtor for hand loan .hand loan paid limit 10 thousand
and above.
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gifts and loan
Replies (1)
1. Acceptable, provided justified by gift deed of same date/s.
2. Not allowed
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