![]() (c) As and when the fixed deposit matures, it can be made in the name of your grandson. The amount can be gifted in one go or in small amounts as you may decide. The acceptance letter should be by your grandson. ![]() Please do exchange a letter of gift and an acceptance letter for the gift so made. Your grandson would be giving this information while filing his tax return. (b) You do not have to inform the tax department about the same. (a) You can give any amount to your grandson without attracting any tax liability. ![]() What is the simple and correct procedure to transfer money to his savings bank account in the same bank?Ĥ) Kindly let me know the reference clause for the same.ĥ) Is it required to be shown in the ITR? ![]() I want to give Rs 10 lakh to my grandson who is a doctor and currently in 2nd year of his MD (postgraduation).ġ) How much amount and how often can I give him?Ģ) Do I or he has to inform the I-T department every time?ģ) I have a FDR in which he is the nominee. I am an 82-year-old retired defence personnel. ![]()
0 Comments
Leave a Reply. |