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you may give gift  to your son, there shall be no tax implications in such procedure because as per law gift to relative is not under tax implications........

You may also give him amount by way of Loan, if you want to avoide such gift deed procedure



Regards
Deepak garg

Hello sir...............

According to sec. 68 additions shall be made if source of income is not declared by assessee but in case of company in which public is not substantially interested, Additions shall only be made if the person being a resident fail to offer explanation and source of income in his books of accounts and such explanation to the AO is found to be unsatisfactory..............

Regards
Deepak garg