Tax on Deposit
This query is : Resolved
Mahesh Vankhede
(Querist)
25 August 2016
Hi,
I am helping one of my relative in business. He need to pay a big amount as deposit and don't have money. So I am taking loan my home and giving him that money as deposit. My question is if he or I will be charged any tax or if we will have to pay any fees for these transactions.
Regards,
Mahesh
Amol S Joglekar
(Expert)
25 August 2016
No fees, nothing.... You give the said sum by crossed account payee cheque.
Mahesh Vankhede
(Querist)
25 August 2016
Hello Sir,
Are you from Thane. If yes pls share your contact details.
Regards,
Mahesh
Amol S Joglekar
(Expert)
25 August 2016
So Sorry, i am from Pune, at present at Bengaluru
Mahesh Vankhede
(Querist)
27 August 2016
Do you know any good CA in Thane
Amol S Joglekar
(Expert)
27 August 2016
not exactly Thane, but we have presence at CBD Belapur. If you want I can give you the details.
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