Dear All,
Mr. X is having MIS and Kisan vikas patra in his name. To divert Interest income, he Gifted these MIS & KVP to his wife by book entry without getting the actual endorsement through the Post Office. Can he diverts his income like this.
CA. A. K. Aggarwal
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
