cash paid by father to his son


This query is : Resolved 

(Querist)
04 June 2010 what consequenses for this transaction

04 June 2010 in which reference you want to know ?

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

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

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.

04 June 2010 YES, MAKE A GIFT DEED

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

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


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