it assessess loan from bank rs:30 lacs after
1 loan amount rs:15 lacs to son transfer through on bank mode year:18-19
2.loan amount rs:15 lacs to daughter tranfer through on bank mode year:18-19
assessess loan amount to son rs:15 lacs and loan amount to daughter rs:15 lacs converter to gift transaction f.y.23-24
question:
assessess above mentioned benami transaction treatment
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Loan conversation to gift benami transaction
Replies (3)
It's a capital receipt for son and daughter not chargeable to tax.
Loan from Father rs:30 lacs son and daughter purchase of site purpose amount received f.y.18-19 and f.y.23-24 loan amount converted gift transaction treatment allowed
It's a capital receipt for son. But it depends how he will show.
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