Dear All,
My question is :
Mr. "A" transfered( By bank) Rs. 7,50,000 to Mr. "B" brother
Mr. "C" transfered ( By Bank) Rs. 3,50,000 to Mr. "B" brother
and Mr. "B" transfered the same amount to Mrs. "D" mother of A,B, and C
Can Mr. A & C show as a gift to mr. "B" ( Brother) amd Mr. "B" gift to mother
Mr. A, B, and C is a income tax assessee but mother D is not a income tax asseessee ( age more than 70)
Please reply
CAclubindia
