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Cash capital

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743 Points Posted on 09 January 2021
kya father apne son ko cash m rs de sakte hai for business
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On 09 January 2021 at 11:50 Report
Replies (6)
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Chartered Accountant
24588 Points Posted on 09 January 2021
Yes it can
129 Reply
On 09 January 2021 at 12:51
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Accountant
4533 Points Posted on 09 January 2021
Yes he can provided source of income of father should be valid otherwise tax at 78% will levied
19 Reply
On 09 January 2021 at 12:58
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743 Points Posted on 09 January 2021
Cash m 7 lac diye ho aur vo money son ne bank m jama kara di to bi vaild h kya
1 Reply
On 09 January 2021 at 13:49
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17264 Points Posted on 09 January 2021
Better deposit cash in father account and then transfer to son account by cheque.
101 Reply
On 09 January 2021 at 19:26
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743 Points Posted on 09 January 2021
Ok thanks
1 Reply
On 09 January 2021 at 21:27
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Accountant
4533 Points Posted on 09 January 2021
Yep Praveen is right.

what you should remember that father have a valid source of income, otherwise whole income will be taxable at the rate of 78 %
19 Reply
On 09 January 2021 at 22:07


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