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Gift to son

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 March 2012 I have a NRI A/c. I want to purchase a flat of 40 lacs in the name of my son. so what will b the tax liability on me and my son who is running an own business??? plzzz reply its tooo urgent..
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CA MANOJ GUPTA

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CA MANOJ GUPTA (Expert)
07 March 2012 NO TAX LIABILITY BETTER IF U PURCAHSE IN YOUR NAME AND THEN GIFT IT TO YOUR SON
CA MANOJ GUPTA
JODHPUR
09828510543

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