Dear Friend, Plz. note that Gift Tax had been abolished long back in the year 1995. So there is no question of gift tax. Father-son relationship is recognized in Income Tax Act, 1961 to give tax free gift.
So no income tax also on this gifted amount.
Yes in case, ur son earns some Taxable income from this gifted amount (for example interest from bank FD of this 1L Rs.) & his total taxable income with this taxable amount is more than zero tax limit, he `ll have to pay his income tax as per his normal tax slab rate.
If there is no other taxable income of ur son, no income tax at all on the taxable income from this gifted amount.
If you are unwilling to take RISK in Equity Funds and are satisfied with 10-12%
returns Templeton India Pension Plan is OK. Fund manager Invesests up40in Equities.
Investment in Balance / Equity Mutual Funds is Better Option.
dear sharma ji
thanks for your reply for ti pp in my cae
is hdfc prudence worth trying for pension corpus in sip way
i have hdfc top 200 also in mind
chadha mk dr
| NIFTY 
