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Profit transfer in another firm

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(Querist)
11 June 2016 We have 2 firms at 2 place but there one is mine and another is my father's firm. My point is.... IS THERE ANY WAY to transfer My firms capital or profit into My father's firm without any vat queries or loan.
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Rupesh Jain

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Rupesh Jain (Expert)
13 June 2016 no, its not possible , its only way that you can give the gift to your father or your father can give gift to you.
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RLBK Kumawat

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RLBK Kumawat (Querist)
13 June 2016 What is max gifted amount... Because unsecured loan amount is 1200000 lakh rupees




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