Transfer of amount to mother
This query is : Resolved
Sachin Kumar
(Querist)
28 November 2022
I want to transfer ₹50 lacs to my mother as gift.
I will transfer amount via banking channel.
Should I transfer all amount together or in instalments ?
Is it permitted under income tax act or any other laws ?
I will transfer amount via banking channel.
Should I transfer all amount together or in instalments ?
Is it permitted under income tax act or any other laws ?
CA R SEETHARAMAN
(Expert)
28 November 2022
Yes, transfer all the amount together no problem.
Yes, it's permitted under income tax or any other laws.
Yes, it's permitted under income tax or any other laws.
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