Tax implication
Querist : Anonymous
or given loan to son for business.
in both case gift deed and loan agreement to make for future.
and in loan case sons can give intt to his father as per current bank intt. rate.
gift will exempt for son.
Querist : Anonymous
Sir please make me clear that if gift is exempt in the hand of son then is the income generated from transport business of son is taxable in fathers hand or in sons hand
Querist : Anonymous
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