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riddhi (Querist)
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17 November 2015 my cousin brother wants to transfer money to me or either my parents so from tax point of view who will benefit in this? if I receive the money then do both of us have to pay gift tax as it is not in blood relation, he is my cousin . please help. other than gift what can be done?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 November 2015 Take the amount as loan through banking channel.

riddhi (Querist)
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18 November 2015 ok but that loan wont be reapyable + the interest so will that be ok?

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