Transfer of salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 December 2017
Is there any tax implication in my father's hand if my brother transfer his portion of the salary in my father's bank account every month?
06 December 2017
No tax implications it will be considered as gift.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section for tax audit
- Previous Gst Registration Closed and New Registration with Same pan can we take
- Understand this confusing IT notice
- Difference between Amount paid/credited currently (B) and Stamp Duty Value (C) is more than 20%.
- GST TDS applicability
- Su Moto Cancellation - more than 3 years gone - how to retrieve RC - Reg.
- GST REFUND WHEN SALES MADE AT CONCESSIONAL RATE
- Amendment of Outward Supplies_GSTR 1
- Interest on Late of Payment of Liablity
- ROC Filing Pending
- Ptrc interest
- Can the Developer ask for such unreasonable transfer charges without any basis
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
- Clarification Required on GST Rate & HSN Classification – Millet-Based Probiotic Drink
- TDS Return filing if only have 15G /15H deductions and no other payments
- 80G deduction eligibility
- GST on Tobacco - as per new notification
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani -
IDT LIVE Exam Oriented Batch | May 2026, Sept 2026 & Jan 2027
CA Arpita Tulsyan
CAclubindia
