Babua Banerjee (Accountant Junior Tax Practitioner) (123 Points)
05 September 2016
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178001 Points)
Replied 06 September 2016
Pay by cheque/DD. if you want to give it as gift, make a simple gift deed. No tax liability on either of you at present. (Except clubbing of income)
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 09 September 2016
YES
THERE IS NO TAX LIABLITY FOR BOTH FATHER AND DAUGHTER
MAKE A GIFT DEED ALSO
BUT INCOME FROM GIFT ( LIKE INTEREST AND OTEHR) IS TAXBLE INCOME
CAclubindia
