Query on Loan
NITIN SABOO (344 Points)
13 June 2018NITIN SABOO (344 Points)
13 June 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(166339 Points)
Replied 13 June 2018
No problem, but the transactions should be through banking channel .....
Only if the amount is invested by son to generate income, which if assessed as direct transfer of taxable income, the same would be added to income of father, if at higher tax bracket.
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