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cash paid by father to his son as gift

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07 June 2010 whether in the assessement of son case may be come in scrutany or not. amount is rs. 9,00,000/-. however this amount is exempt pesuant to section 56.

please suggest me......
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
07 June 2010 THE GIFT IS EXEMPT.

REGARDING SCRUTINY CHECK BELOW LINK-

https://www.caclubindia.com/forum/scrutiny-guidelines-13892.asp
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CA Shiv

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CA Shiv (Expert)
07 June 2010 Pls prepare a gift deed for the same... if not prepared do it now..
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