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Thanks sir for your earlier response, i have two question

1.) give and take transaction means i ( i am not taxable person below threshold limit ) gave rs 10000 to my brother , he is taxable person. he refund me the same amount after 2 month . it is just an reverse transaction. how to show rs 10000 ...

Hello Sir,

What will be the treatment of tax if there is exchange of property/money within the relatives specified?

Suppose A gifts a land to B (A & B are Brother & Sister) and B gifts back a certain amount of money to A. This seems like a transaction however because they are 'relatives' specified und...
Paritosh Jain

I wish to gift my wife Rs 65 Lakhs through bank cheque. What all formalities need to be completed for this.

I had received cash gift(say 10 lakhs) from my father in 2015.I got my pan no. in 2017.In that case i cant file itr for 2015(income for 2015 was below min. taxable limit i.e;<2,00,000).Thus what should i do??Just maintain the record in my balance sheet and C/f.Or any other solution?(Can i file itr f...