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Gifting cash to major son
mom wants to give her major son some money to do business as interest free loan or gift whichever is easier. what paper works required in both the case.and which one is easy.
Replies (3)
Gift would be a better option. Pls maintain adequate documentation.
Abhimanyu Jhamba
CA/ Advocate
9218999999
Yes, Gift is better option ...& son is major therefore clubbing provision will not apply..
Get GIFT DEED prepared through any advocate.
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