Utilisation of gratuity, pf and other funds
This query is : Resolved
30 June 2019
My father has retired from SAIL in May 2019. After retirement, he has got Gratuity, PF and other funds. My father has also running a photo studio and video shooting business.
Can I TRANSFER these amounts in my CURRENT account and TRANSFER these amounts to the members of my family?
Can I TRANSFER these amounts in my CURRENT account and TRANSFER these amounts to the members of my family?
01 July 2019
Yes you can transfer the amount as proposed and treat it as gift from your father to family members no tax payable.
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