POSTED BY March 4, 2014 6:40 pm ONE COMMENT
ONI read your blog , it said you could gift a large amount like 25,00,000 to major children and save tax as the interest received by the major children wont be treated as income since it is a gift.
Kindly quote the sections. I googled alot but could find any section supporting the above example u gave.
Thank You
2021 © Jagoinvestor.com All Right Reserved
Dear Chrysann, please read the section 64 of Income Tax Act of India.
Thanks
Ashal