Gift
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 February 2016
Dear All,
Every year out of my salary 50% of it I have made FD in my Mother's name . My mother is a senior citizen . Now I want to buy a home and I need funds.Kindly guide me how to use the FD money by the way of Gift or any other alternative .
Thanks & Regards.
Every year out of my salary 50% of it I have made FD in my Mother's name . My mother is a senior citizen . Now I want to buy a home and I need funds.Kindly guide me how to use the FD money by the way of Gift or any other alternative .
Thanks & Regards.
05 February 2016
Take gift from your mother, it is tax free and best alternative
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05 February 2016
Your mother can gift you the money. There is no tax implication on either of you.
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