Hello sir, very thanks in advance
Please resolve my below query
- Son gift money to mother , and mother use that money for swing trading and few extra activities and earn some profit . And after that she gift money back to her son. Whats provision applied in such scenario.
- And 2nd thing son gift 5 lakh to mother and mother had already good amount in her own balance.and she trade with 2 or 3 lakh .
- Can still I have to be justifiy above mentioned gift transfer for clubbing.
- And are there any limit in gift transaction between relatives, I mean number of transaction, not amount.
I waiting your kind reply