My friend wants to give dowry in his daughter's marriage but does not want to be caught by the law. Any suggestions how to give? (Samp bhi mare aur lati bhi na tuti).
Asked by Francisco, 10 Apr '12 12:26 pm
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Be a really good friend to your friend and tell him not to do it but instead put the money in an investment in his daughters name so she has something to fall back on in the future.Answered by Janis, 10 Apr '12 01:50 pm
Yes....the option is to gift it to the daughter...in her account...and save on Income tax too :-)Answered by prasoon, 10 Apr '12 12:27 pm
Anything given without demand or compultion is called as gift and no one can stop itAnswered by Gernal Singh, 10 Apr '12 12:27 pm