04 November 2024
Sir I have given Rs 5 lacs on different dates to three persons without any consideration as details below :- 1 .my sister in law's husband Rs. 2 lacs(saddhu bhai) 2. My sister in law's son 2 lac 3. My sister in law 'a daughter 1 lac for 3-4 months period on occuussion of marriage of her daughter and for their house construction. All the above transaction made through online through phone pe
Question is that after 4 months they will return my money through digital transactions. Please confirm 1. Whether it is ok 2. Any tax complication will arise when I will receive my money from only one person ie from my saddhu bhai (they are going to retire after 4 months and after receiving his superannuation money from govt they will return my money) Regards CD SHARMA 🙏