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INCOMETAX Related

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B.Com
134 Points Joined July 2013
good morning to all, GIFT CAN RECEIVE cash from attagaru, Rs.10 lakhs, it exempted from income tax or taxable
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On 05 January 2021 at 10:15 Report
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524 Points Joined June 2020
No as mother in law is considered as relative and it is exempted
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On 05 January 2021 at 10:30
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Chartered Accountant
24588 Points Joined November 2019
It is exempt under IT act
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On 05 January 2021 at 10:50
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12244 Points Joined May 2017
Though it's exempted income, section 269ST may attract
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On 05 January 2021 at 11:48
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Chartered Accountant
24588 Points Joined November 2019
But if payment is made through cheque or bank draft or account payee cheque other than cash then it will not attract 269st
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On 05 January 2021 at 11:50
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STUDENT
1631 Points Joined August 2017
Through cash allowed Rs .20000 per transaction ,through bank Rs .200000 lakh per transaction !

Otherwise Sec .269ST applied
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On 05 January 2021 at 21:51
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Accountant
4533 Points Joined February 2017
Taxable
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On 08 January 2021 at 01:07

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