Money gift

radha raman karmakar (Querist) 03 December 2013 This query is : Resolved
Dear Sir,

A child has been given a cash gift by his auncle with love and affection whether such amount can be used by his parents ?

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Devajyoti Barman (Expert) 03 December 2013
Yes but for the benefit of the child only.

Rajendra K Goyal (Expert) 03 December 2013
Only for the benefit of the child.

BAALASUBRAMANNYAMM (Expert) 03 December 2013
agreed with the experts

prabhakar singh (Expert) 03 December 2013
It is gifted to child who is it's owner not parents.Parents are simply guardians and can use it only for needs of child.

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