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Q. GIFT FROM RELATIVES AND COMPANY LIABILITY

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Anonymous

posted 5 months ago

Q.GIFT FROM RELATIVES AND COMPANY LIABILITY
hello, i have few queries for #vidhikarya #freelegaladvice
want to know if my can father transfer a sum upto 1 crores in my father in laws account? who all are counted as "relatives" to whom one can transfer such amount as gift?
also myself, my mother and my father are directors in a company. so does any legal and financial liability of the company applies to my wife and my sister and their assets also? my wife is working and my sister is studying.

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Shreyash Mohta

Experience: 1 Year(s)

Responded 4 months ago

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A. ) It is better if we sit and talk over your issue as it requires a lot of technicalities which cannot be understood in the Free Legal Advice sections.
Consult me personally so that I can understand your query properly and thereafter guide you best.

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