watch_later 27/03/25

It department notice issued on cash gift transaction between relatives exceeding a certain amount of a.y.2025-26 or 2026-27

1 Response | Latest response: 07/08/25 | Sort by Likes(thumb_up) Recent | Income-Tax Reply
watch_later 07/08/25

Your question is not clear. If department issues notice the assessee needs to prove its genuineness. Else it can be treated as unexplained cash credit & accordingly provisions can apply.

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