About tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 February 2018 if my father FD became mature with 250000 and they transfer 150000 in my account and my father is senior citzen
is it taxable or not?

RAJA P M

RAJA P M (Expert)
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17 February 2018 Query is not cleared...
FD is matured with Interest then What is the FD amount and Interest amount...?

RAJA P M

RAJA P M (Expert)
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17 February 2018 In case it's Interest then It's taxable. But, Also no more any other Incomes then it's under the basic exemption limit then no more tax liability...

Also the transferred amount is not taxable from Father to Son...

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Querist : Anonymous

Querist : Anonymous (Querist)

17 February 2018 actually FD mature with intrest of 7percent

RAJA P M

RAJA P M (Expert)
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17 February 2018 Anyway as per above my reply...

I ask just with FD and Interest amount that's all... But, Once again you will reply as per Your smart work...