IF a person transfers his Fd to his Salaried Son RS 10L as gift whether gift deed mandatory if dept call for info of son u/s 133( 6)
If after gifting the amount interest accrued on said FD will it club with fathers income
JIJO YOHANNAN (Student CA Final ) (89 Points)
07 November 2017IF a person transfers his Fd to his Salaried Son RS 10L as gift whether gift deed mandatory if dept call for info of son u/s 133( 6)
If after gifting the amount interest accrued on said FD will it club with fathers income
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160860 Points)
Replied 07 November 2017
" IF a person transfers his Fd to his Salaried Son RS 10L as gift "
The transfer doesn't get completed unless the FD gets transferred to son's favour ( in Bank Record)
If the process gets completed, no need of gift deed...........
Ashwin Kumar
(1229 Points)
Replied 07 November 2017
Rahul Chhabadia
(168 Points)
Replied 07 November 2017
Ashwin Kumar
(1229 Points)
Replied 08 November 2017
CAclubindia
