Hi all,
If I have transferred more than 50,000 Rs to my father’s account on-line from my account who is a senior citizen, and then he does a Fixed Deposit of that amount. What will be the Income Tax implication for me. Doe it comes under Gift tax?
Hi all,
If I have transferred more than 50,000 Rs to my father’s account on-line from my account who is a senior citizen, and then he does a Fixed Deposit of that amount. What will be the Income Tax implication for me. Doe it comes under Gift tax?