https://www.taxtmi.com/forum/issue?id=109335 Amounts transferred from a son to his mother are treated as gifts; the principal is not taxed again in the mother's hands if it already constituted the son's taxed income. Interest arising on deposits made by the mother is taxable to the mother when such interest causes her total income to exceed the basic exemption threshold. To avoid TDS, the mother may submit Form 15G or Form 15H as applicable. Filing a tax return is required only if her total taxable income exceeds the exemption limit. en-us Mon, 26 Oct 2015 03:11:57 +0530 Thu, 23 Jan 2025 15:56:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109335 Amounts transferred from a son to his mother are treated as gifts; the principal is not taxed again in the mother's hands if it already constituted the son's taxed income. Interest arising on deposits made by the mother is taxable to the mother when such interest causes her total income to exceed the basic exemption threshold. To avoid TDS, the mother may submit Form 15G or Form 15H as applicable. Filing a tax return is required only if her total taxable income exceeds the exemption limit. Discussion-Forum Income Tax Mon, 26 Oct 2015 03:11:57 +0530 https://www.taxtmi.com/forum/issue?id=109335