Son provide cash to father for business purpose

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 May 2016 Dear Expert,

My Question : If son provide to cash his father for business expanding purpose of Rs. 2,50,000/=(Paid cash) in the year fy.2015-16, so any tax related issue in this case.

so can i treat as unsecured loan or gift ....

Abhishek Ranjan Singh

Abhishek Ranjan Singh (Expert)
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28 May 2016 As a gift it is not taxable. Gift from Father / Son is exempted.

Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615

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Message likes : 2 times

Querist : Anonymous

Querist : Anonymous (Querist)

31 May 2016 if Income From :
1.Tuition Fees in which itr should i file.
2.Music Systems for Rent busines (DJ) in which itr should i file
3.Tours and Travel income in which itr should i file
above services itr 4 or itrs 4s applicable .. because of customer not maintain books of record

income less then as limit as on year ,
and last year should i file itr 4s so can i change this or not issue on this case.

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