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I need to know transfer of funds in family


16-Feb-2025 (In Family Law)
Formalities in terms of family transfer of funds between family member
Answers (2)

Answer #1
601 votes
If you are planning to give or receive any significantly large amount always remember that there is something called gift tax. It's always prudent to plan the same beforehand based on specific facts and circumstances of your case.
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Answer #2
710 votes
You must hire sn advocate to draft s proper agreement in this regard and with authentic witnesses ! Moreover you must also take security cheques or promisinory note too Kindly b in touch to understand the legal views
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