Menu
Query on Loan
Dear All, please suggest what will be the problem if a son taking a Interest free loan from his father (both is individual not from business) instead of Gift.
Replies (1)
No problem, but the transactions should be through banking channel .....
Only if the amount is invested by son to generate income, which if assessed as direct transfer of taxable income, the same would be added to income of father, if at higher tax bracket.
Recent Topics :
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
- 25-26 exempted sales
- Hotel stay below Rs.1000/- GST applicable or exemp
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Generate E-Way Bill for 4 Nos. Suppliers Involveme
- Section 54F Exemption
Related Topics :
CAclubindia
