Respected experts ,
My Father expired in 1995 and my mother expired in 2007 . Movable property partition done in 2007 and immovable partition done in 2012 .
In movable property , i received 400 gm gold jwelary and coins and rings . I sold out 200 gm og gold to goldsmith in 2015 and purchased a agriculture land . Will ITO ask the source of income from where i get that amount and if i declare i got it by selling gold which i received in partition . Will it be sufficient for him ? I dont have any deed or bills for that jwelary or rings or coins .My Father was an Govt officer , He had 50 acre agriculture land and He was also sarpanch for consecutive 10 years after his retirement from govt job .
CAclubindia
