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cash paid by father to his son

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(Querist)
04 June 2010 whether it taxable in the hands of transferee or any other consequenses
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
04 June 2010 if you are asking about gift, then it is not taxable in hand of transferee, because gift received from relative is not taxable.
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
04 June 2010 AGREE WITH BANSALJI
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