banner_ad

It query for net income low and cash gift and personal drawings high value accepted

175 views 1 replies
it assess example net income rs:4 lacs in it returns
1.cash gift to son rs:8 lacs through on online mode
2.domestic expenses rs:2 lacs (personal drawings)
question:
assess net income is very low and cash gift and personal drawings total high value accepted in it act.
Replies (1)
Yes provided you are able to substantiate them.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details