Taxability of amount received from father

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..... an individual has received rs. 1 lac from his father the individual is filing his return as a salaried employee is he required to disclose the amount of rs. 1 lac received how it has to be shown wheth .....

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..... er it is taxable in his hands - Reply By Rama Krishana - The Reply = If the amount received from his father is in the nature of gift, there is no need to show separately, but it has to result into in .....

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..... crease in assets or capital which should be taken care of. On the other side if it is in the nature of loan or some thing else, you need to treat the same accordingly. - Taxability of amount received .....

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..... from father - Query Started By: - madhavvan n Dated:- 9-7-2009 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management .....

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..... India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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