Gift to son
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 March 2012
I have a NRI A/c. I want to purchase a flat of 40 lacs in the name of my son. so what will b the tax liability on me and my son who is running an own business??? plzzz reply its tooo urgent..
CA MANOJ GUPTA
(Expert)
07 March 2012
NO TAX LIABILITY BETTER IF U PURCAHSE IN YOUR NAME AND THEN GIFT IT TO YOUR SON
CA MANOJ GUPTA
JODHPUR
09828510543
CA MANOJ GUPTA
JODHPUR
09828510543
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