I have deposited by transfer of funds from my account to my son's account Rs 15 lacs on various dates during 2016-17. It came under compliance section of Income Tax under Investment by TDR other than renewal. Can I reply as the amount is a gift from father to son . My son's I T return filed showing interest income has been processed but compliance issue is pending. Please advise how to deal with issue. Regards
3 Replies
cynthia
(germany)
(31 Points)
Replied 06 April 2019
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rama krishnan
(12239 Points)
Replied 06 April 2019
interest income will be clubbed in your hands, correct me if I'm wrong
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