MY HUSBAND HAS PURCHASED A CAR IN HIS NAME AND NOW WANTS TO GIVE THIS CAR TO HIS DAD.WHICH IS A BETTER WAY TO SHOW SALE OF CAR OR GIFTING THE CAR TO HIS FATHER .CAR IS 10 YEAR OLD
CA Rakesh Ishi
(Working at Private Company)
(8200 Points)
Replied 23 March 2023
Considering the age of the car, and assuming that there is no significant profit to be earned from the sale of the car, gifting the car to your husband's father may be the better option.
Aman Sachdeva
(12 Points)
Replied 25 March 2023
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India