{"id":52154,"date":"2025-03-19T13:55:41","date_gmt":"2025-03-19T08:25:41","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=52154"},"modified":"2025-03-19T13:55:41","modified_gmt":"2025-03-19T08:25:41","slug":"gift-transactions-f-y-24-25","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/gift-transactions-f-y-24-25\/","title":{"rendered":"GIFT transactions f.y.24-25"},"content":{"rendered":"<p>Sir,<br \/>\nIt assessess cash Gift to grandson rs:1 crore amount through on bank channel mode dt:10-01-25<br \/>\nAssessess source of income fds cancel after\u00a0 gift money amount paid to grandson but assessess capital account balance rs:50 lacs show in balance sheet<br \/>\nQuestion:<br \/>\nAssessess gift transaction taxable or exempt and different amount rs:50 lacs sec 68 provision applicable for it act.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[1275],"qa_category":[23],"qa_tag":[239,485,218],"class_list":["post-52154","qa","type-qa","status-publish","hentry","qa_expert-law-intern","qa_category-income-tax","qa_tag-gift","qa_tag-section-562x","qa_tag-unexplained-cash-credit"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/52154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=52154"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=52154"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=52154"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=52154"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=52154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}