Diversion of income
This query is : Resolved
04 November 2012
A person wants to divert his income to his son. Income is from agriculture. Can he do so? What procedures / documentation is required to make such effective.
06 November 2012
The agriculture income in not taxable in income tax ,then Father has to Gift it to son,which is not taxable
06 November 2012
Thanks CA Harsh.
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