Filling itr or not below situation
Querist : Anonymous
my question is :
My uncle sold his agriculture land some of rs 10 lac through chq
and he transfer the whole amount to his son's bank account
My uncle's son bought house from that money.
So My uncle and his son (my brother) wants file ITR to income tax dept?
Please ans. me of this question
2. Transfer to son's account will be gift to his son.
3. No income tax implications for them as gift from father to son will not be taxable.
Querist : Anonymous
Can you tell me the limitation of the gift from parents to their children in Rupees is?
Querist : Anonymous
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