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mother son transactions


dear sir/madam

suppose I transfer 25 lacs to my mother's account, get an FD opened and receive the interest monthly all these transactions through net banking, could I legally get a tax free income, mother having nil income of her own of course,kindly help

regards



By: MOHIT MISHRA

you can gift it to her



By: S.SRINIVASAN

dear srinivasan sir,

thanks for your kind reply

could you elaborate please i.e. monthly transfer of interest to my account online would be legal

thanks & regards



By: MOHIT MISHRA



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28 Apr

☑ Monthly | GSTR-11

GSTR-11 for the m/o Mar 2024 (Statement of inward supplies by persons having Unique Identification Number (UIN)).

30 Apr

☑ Annual | GSTR-4

GSTR-4 (Annual Return) for FY 2023-24 by Composite Taxpayer (Rule 62).

☑ Quarterly | QRMP

Last date for opt-in / opt-out QRMP Scheme for quarter Apr - June 2024 (Rule 61A)