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?
28 October 2025
Refer:: https://www.caclubindia.com/experts/notice-from-it-deptt-if-fd-amount-exceeds-10-lacs--2955759.asp
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability of TDS on CFS, CHA fees, and shipping line charges
- Notice from IT DEPTT IF FD AMOUNT EXCEEDS 10 LACS
- Limited Liability Partnership Firm
- Unable to generate and save json file for updated return
- GST payable under RCM
- Applicablity on tds
- Section 194I not showing in TDS RPU for Compnay Assessee for TDS on rent
- LTCG offset against property buy
- PRODUCT AND SERVICE CATEGORY CODE
- Tax audit & Switching from Presumptive taxation
- Regarding TDS not deducted on rent
- REGARDING CLAIM OF LAST YEAR TDS
- Regarding income tax return of company and LLP
- Import purchase entry
- Under which tax head RCM on Commission on Sale is to be paid.
- Rule 54(1A) for Distributing ITC
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
Trending Online Classes
-
LIVE Course on GSTR-9 & GSTR-9C (Technical | Practical | Concept - Based)
Sachin Jain03 November 2025
CAclubindia
