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Deposits shown as gifts

This query is : Resolved 

10 December 2015 my father received retirement fund. due to tax adjustment 10 lakh deposit made in my name in the bank. if i shown it as gift received from father, whether it is right and what documents i should maintain since there is no gift tax now..

10 December 2015 and how will you father prove source of this additional 10 lakhs?

11 December 2015 he received retirement fund he retired as govt. servant so he has proof...

11 December 2015 out of retirement fund 10 lakhs trf to me in my account and made a deposit in my name.


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