GOLD PURCHASED THROUGH CREDIT CARD
Sumit Hooda (17 Points)
17 October 2021Sumit Hooda (17 Points)
17 October 2021
sabyasachi mukherjee
(27858 Points)
Replied 18 October 2021
Sumit Hooda
(17 Points)
Replied 18 October 2021
CA ABHAY GUPTA
(Practice)
(3235 Points)
Replied 18 October 2021
Sumit Hooda
(17 Points)
Replied 18 October 2021
anil jain
(Partner)
(1072 Points)
Replied 18 October 2021
Suggestion of Mr Abhay Gupta is good.
However, alternatively
It will be deemed that you bought jewelry.
Pl keep the invoice in your record which should be in your name.
Gifted to relative.
If she is not a relative defined U/S 56,
she will be liable to tax on value of that gift.
If she is a relative defined U/S 56, no tax on relative. then no worry.