Amount transfer to Minor brother account
This query is : Resolved
08 January 2025
A sister wants to transfer amount rs 15 lac to her minor brother for study
Is there any problem in income tax or not
Is there any problem in income tax or not
08 January 2025
No. Transfer through banking mode. Make a gift confirmation letter on plain paper.
08 January 2025
It means payment will be done by any banking mode and no limit of amount to be transfer
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