I gifted my major son Rs10 lacs.Can he return the gift?
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Can my son return my gift?
Replies (4)
there is no bar for son to gift his father,
execute the gift by banking transaction, to give it a valid shape
Wats ur source of income, is it a good money or black money, Nowadays KYC norms are accelerated in banks which tracks unusual credit in clients account, i heard banks as a process do report to ITax guys, Be sure its good money,
| Originally posted by : AJAY RITTO | ||
 |
Wats ur source of income, is it a good money or black money, Nowadays KYC norms are accelerated in banks which tracks unusual credit in clients account, i heard banks as a process do report to ITax guys, Be sure its good money, |
 |
In case the son proposes to return the money,it makes sense to show the initial amount of Rs.10 Lacs given to the son as temporary loan given.
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