What will be implication, if Father gives following Gift to a Major Son?
1. Immovable Properties
2. Movable Properties
3. Cash & Bank Balance
CA Ravindra (Chartered Accountant) (93 Points)
06 June 2013What will be implication, if Father gives following Gift to a Major Son?
1. Immovable Properties
2. Movable Properties
3. Cash & Bank Balance
TKKKKKK
(PRACTICING CA)
(3268 Points)
Replied 06 June 2013
not taxable.....as received from relative...
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