Gift transaction receipt and payment accepted

                  
                        Sundaraiah Kollipara
                      
                    watch_later 26/12/21
                  
One of the it person gift transaction mentioned below in f.y.20-21.
Cash gift from sister rs:10 lacs through on bank mode.
Cash gift to daughter rs:10 lacs through on bank mode.
Question:
Assessess gift transaction receipt and payment one financial year accepted in it act.

                    1 Response | Latest response: 30/01/22 | Sort by
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                                  GST Payer
                                
                              watch_later 30/01/22
                            
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Yes, it is accepted in one financial year. There is nothing wrong in this transaction.

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Gift transaction receipt and payment accepted

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