Definitely, with pleasure. 😊

Thank you very much. My sincere gratitude to your timely and prompt reply.🙏🏽

I sincerely thank you for your idea to show it as loan. Clubbing of income confused me and you have claried it. I verfied the savings bank of my wife...

I read the image of clubbing of income of spouse and gifts. It was useful. I have not gifted any thing to my wife. She has just earned rs.700 through ...

I read the article. But still I had doubts. The money need not be repatriated. She is not a close relative and gift is taxable. But she has not earned...

With your help I have filed ITR3 successfully under old scheme. I have shown the Gift amount and after deductions the net taxable income si Rs2.80 L....

Thank you very much.

Thank you for your prompt reply. I am a retired Canara Bank officer. The loan is availed by my son and the parent has necessarily be the co-borrower....

My sincere thanks to you🙏🏽

I do understand that the Gift would be considered as taxable income. Not an isssue. Should I get a letter/document/affadvit with all details of cheque...

The Gift is not from a close relative. The Donor is paying through NRE/account and has complied with all their tax laws. Do I require a letter/documen...