fund transfer
I want to transfer 2 lac to uncle's account , will it attract tax , if yes how do I save it.
Asked on 10/13/08, 2:14 pm
1 Answer from Attorneys
Rohini Kumar Tenneti
R.K.1080 LEGAL SERVICES
Re: fund transfer
the question should have to be more specific,is it your own money that to be transferred and if it is your own money out of your earnings and if its tax paid then you can gift the money by transferring from your account.writing a gift deed is not mandatory.
Answered on 10/14/08, 3:26 am
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