Utilisation of gratuity, pf and other funds
This query is : Resolved
30 June 2019
My father has retired from SAIL in May 2019. After retirement, he has got Gratuity, PF and other funds. My father has also running a photo studio and video shooting business.
Can I TRANSFER these amounts in my CURRENT account and TRANSFER these amounts to the members of my family?
Can I TRANSFER these amounts in my CURRENT account and TRANSFER these amounts to the members of my family?
01 July 2019
Yes you can transfer the amount as proposed and treat it as gift from your father to family members no tax payable.
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
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- ITR 6 Schedule CFL and UD Issues
- NR GST NUMBER
- For REQUIRE INDIVIDUAL GST
- Not a CA , can we prepare balance sheet
- FREELANCING ACCOUNTANT
- GST Form ADT-02
- TCS ON SOFTWARE SALES
- Income Type for interest from government bonds
- Query Regarding on TDS section 194H and 194J
- TDS on purchase of value vouchers for employees ?
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
