Query on tax applicable on gifted money

Srinivas (Querist) 30 March 2018 This query is : Resolved
I am a salaried employee and my company deducting tax through salary. In 2016 October my father gifted amount Rs 15 Lack which I invested in Reliance bond funds. In March 2108 I have withdrawn that amount and given back to my father. My query is who needs to pay the tax on short term gains. Is it me or my father or anyone can pay? If I pay then I am in 20% slab so the amount will be huge. If my father has to pay his income is within taxable income limit. Please suggest.

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Guest (Expert) 30 March 2018
Discuss this with " CA Club " of this same Forum please

Srinivas (Querist) 30 March 2018
Can you please provide me the link of CA Club. I could not find it

Guest (Expert) 30 March 2018
www.caclubindia.com (the another forum of Lawyersclub India please )

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