from income tax department
This query is : Resolved
27 October 2025
I have make two rtgs/cheque payment to my son as gift transferred in bank of India and pnb
9.85 lacs in bank of India
9.85 PNB
He made FD of the above amount in both bank 9.85 each in both bank
1. Whether notice from IT deptt may be received by my son because total amount of both fd exceeds 10 lacs
2 I have made Gift deed on plain paper hand written. Is it sufficient?
3. Whether IT Depptt will harass my son regarding making fd?
4. The money as gifted by me is received by me from govt company on my superannuation.
5. What documents will income tax department may be asked?
9.85 lacs in bank of India
9.85 PNB
He made FD of the above amount in both bank 9.85 each in both bank
1. Whether notice from IT deptt may be received by my son because total amount of both fd exceeds 10 lacs
2 I have made Gift deed on plain paper hand written. Is it sufficient?
3. Whether IT Depptt will harass my son regarding making fd?
4. The money as gifted by me is received by me from govt company on my superannuation.
5. What documents will income tax department may be asked?
Dhirajlal Rambhia
(Expert)
28 October 2025
Refer:: https://www.caclubindia.com/experts/notice-from-it-deptt-if-fd-amount-exceeds-10-lacs--2955759.asp
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