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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