Abhishek (NIL) (124 Points)
25 July 2021What should be the treatment in case if a sister received money from brother and mother every month around 20000 total, for her house expenses. which comes around 240000 per year how to treat this amount as she have started small business from which she is getting around 300000. there is no investment done in last year FY 2020-21, How to treat money received from bother & mother.
Ankita Jain
(CA in practice)
(175 Points)
Replied 25 July 2021
Abhishek
(NIL)
(124 Points)
Replied 25 July 2021
Okay, then the limit of Rs 50000/- is not applicable in this case.
Sourav
(Student)
(23865 Points)
Replied 25 July 2021
Nidhi
(Chief Accountant)
(2060 Points)
Replied 29 July 2021
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