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Can I transfer 15 lakh from my account to my son in laws account
22-Dec-2023 (In Banking / Finance Law)
Sir I have retired from my service nd got my PF I want to give 15,00,000/- to my son in law for purchasing a property... So is there is any problem of income tax or any other legal problem???? Plz suggest as early as possible...
Dear Sir,
Transfer of money is depend on nature of amount (gift or borrow). If you make a deed according to your choice then it will legally safety for income tax record.
For details feel free to contact me.
Thank you
Transfer of money is depend on nature of amount (gift or borrow). If you make a deed according to your choice then it will legally safety for income tax record.
For details feel free to contact me.
Thank you
Helpful?
15+
15+
Adv. Mayur Sarode
Nashik | 100+ Answers
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