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cash paid by father to his son

This query is : Resolved 
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(Querist)
04 June 2010 what consequenses for this transaction
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
04 June 2010 in which reference you want to know ?
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jai thanvi

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jai thanvi (Querist)
04 June 2010 actualy father cash paid to his son. and what consequenses in income tax. tax planning regard
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jai thanvi

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jai thanvi (Querist)
04 June 2010 and what formalities can be made in this regard (like gift deed..can gift deed can be made after the gift transaction
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CA Shiv

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CA Shiv (Expert)
04 June 2010 Jai,

You need to tell in what reference...If you wnat to treat as gift, than better prepare a gift deed.
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
04 June 2010 YES, MAKE A GIFT DEED
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jai thanvi

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jai thanvi (Querist)
04 June 2010 can gift deed be made after the date transaction actualy done?
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CA Shiv

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CA Shiv (Expert)
04 June 2010 Yes you can... no probs....
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