Gift from Brother
This query is : Resolved
rajnish jain
(Querist)
12 June 2010
That the assessee has taken a loan 1200000/-(interest free) from his brother and another 1400000/- from brother wife and also Rs. 2000000/- from Nephew since f.y. 2004-05. Now all want it will be convert in his Capital as Gift . Is it possible?
Pankaj Jhawar
(Expert)
12 June 2010
Yes make a gift deed now
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