Thanks everyone. Got the gist of what i needed.
Thanks everyone. Got the gist of what i needed.
No Income from Gifted asset is Taxable in the Hands of Son,Gift deed hav e to prepare & in case of Scrutiny Father have to Produce that This Gift are from his own capital & Gift deed have to be produced if ask by Income tax authority.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
