Guys i am really confused that how a person manage his saving account so that he doesn`t met any tax consequences in particular regard
for example : A person whose salary is about 50000 . He continuously withdarwing his money from bank from last 15 years and comtinuously pay tax on it .But after 15 years he required to give a loan to his daughter as she want a purchase a land . He has hard cash but his account is nil or have some balance due to some reason . But as per the provisions we can`t give cash . We can give either account payee cheque or can do online transaction so what can a father do for her daughter plz briefly explain
CAclubindia
