My mother wants to break her fixed deposits and transfer that amount to my account.
1-So can we do this without making any gift deed?
2-Do we have to declare this amount in ITR?
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Fund transfer query
Replies (2)
1) it is better to have a gift deed for future requirements if any
2) no need to disclose the same in ITR
1) It's better to have a gift deed for future requirements if any
2) Need to be disclose the same in ITR as exempt income as Gift from relatives
2) Need to be disclose the same in ITR as exempt income as Gift from relatives
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