Gift from father to son

Mrunmai Deshpande (Querist) 14 June 2016 This query is : Resolved
How many times in a year, can a father gift money by cheque to his earning adult son without son paying gift tax ? Is documentation for each of this is necessary?
Please advice.

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Kumar Doab (Expert) 14 June 2016
Refer to Section - 56, Income-tax Act, 1961.

Consult your ITax lawyer.

Kumar Doab (Expert) 14 June 2016
You have posted many queries and advised in detail.

Your family lawyer, I tax lawyer, CA can advise you in detail and provide a tailor made soloution.

http://www.lawyersclubindia.com/experts/Gift-Tax-579666.asp

http://www.lawyersclubindia.com/experts/Tax-on-income-earned-out-of-Gift-580451.asp

http://www.lawyersclubindia.com/experts/Tax-Exemption-582006.asp

http://www.lawyersclubindia.com/experts/Gift-Tax-582586.asp

http://www.lawyersclubindia.com/experts/Gift-Tax-583521.asp