Yes, it will be treated as gift. you have to make a gift deed for future reference.
CA Sanat Pyne
(F.C.A. & M.COM)
(20102 Points)
Replied 09 June 2011
Yes, it will be treated as gift. you have to make a gift deed for future reference.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961