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Gift tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 April 2018 I HAVE TRANSFERRED 2 LAKH TO MY FATHER THROUGH INTERNET BANKING. DO I HAVE TO SHOW THIS AS GIFT TRANSACTION OR IT WILL BE AUTOMATICALLY TREATED AS GIFT. IF THIS IS NOT TREATED AS GIFT THEN HOW I CAN CLAIM THIS AS GIFT
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
07 April 2018 You have to say it's a gift.
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