Gift by Father to Son
Vivek Kumar Jaiman (Student) (32 Points)
15 January 2024Vivek Kumar Jaiman (Student) (32 Points)
15 January 2024
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 15 January 2024
No need any gift deed...
(But, If amounts big then better to prepare a deed/letter for future reference. It's my advice only).
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 15 January 2024
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 16 January 2024
Gift deed is there for property only. Stamp duty applicable
Tds applicable if it's a business or professional only 10%
GST on gift applicable between employee and employer with a threshold 50000
Sharath chandra
(Accountant)
(1227 Points)
Replied 16 January 2024