Re: [aaykarbhavan] Re:Power Point Presentation on Tax Audit

One of our client want to Gift Rs. 10 lac to his wife. Spouse will in turn will be investing the same in equity shares and advancing the loans to companies in which she has more than 20% holding. She will be receiving interest at market rate.

Gift will be given by executing proper gift deeds.

Would like to know the whether clubbing provision will be applicable on duly executed gift transactions.

Would also like to know whether clubbing provision will be applicable if gift is given by adult children to parents or vice versa.

Thanks in advance

Regards

Rakesh Kr Baid

9433002201

__._,_.___

receive alert on mobile, subscribe to SMS Channel named "aaykarbhavan"
[COST FREE]
SEND "on aaykarbhavan" TO 9870807070 FROM YOUR MOBILE.

To receive the mails from this group send message to aaykarbhavan-subscribe@yahoogroups.com

Your email settings: Individual Email|Traditional
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch to Fully Featured
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe

__,_._,___