Gift tax

Mrunmai Deshpande (Querist) 08 February 2016 This query is : Resolved
I want to gift some money by cheque to my earning son. Has there to be an occasion to give this gift? Can I not give this gift without any occasion? Please advise.

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Rajendra K Goyal (Expert) 09 February 2016
You can give gift to your son any time, no occasions need to be mentioned.

Hemant Agarwal (Expert) 10 February 2016
1. The criteria /occasion may be mentioned as "out of natural love & affection", for making a Gift to blood relations.

Keep Smiling .... Hemant Agarwal
www.maharashtra-society-help-forum.com

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