498a and property in your name

IF U have cash money in bank account then transfer the money to the account of yr married sister or one of parents. Now in the books of account u can show this amout as loan without interest. I have transferred all my capital in the account of my married elder sister as my parents have passed away. My wife approached the IT dept and asked for reassesment of my returns of two yrs But the IT authorities gave me clean chit. So u can also transfer amount but U should not show any other borrowings on interest in yr books of account IF U take money on interest how can u give money without interest to ur sister? Then from that money u can do whatever u like operating from the sister's account but in HER name only I think you got solution to ur problem Thanks

Dear Sir,

Thanks for replying.

My parents has disowned me as a safe guard against 498A(hope you know abt it).

Can I still trnasfer money to my parents name ?.

I shall close the a/c after ward.

yes even if ur parents have disowned u from property u can give cheque to their account Do u have some other person who is most trust worthy? U can give chq in his name too Then u do business in his name and grow yr capital in his name U dont need to close account U R not doing any thins special for the situation U R doing a normal course of financial transections