Advice on taking money from my father

Discussion in 'Tax planning' started by saniya, Mar 8, 2014.

  1. saniya

    saniya Member

    I am planning to start a new business and want to take 5 lakh from my father. he is not part of this new business. does that require him to take any steps when he files income tax in coming march ? what i am trying to ask his does he need to show some proff where this money is gone ?

Share This Page