Is making Gift Deed compulsory If I gift money in family ?

POSTED BY dkkatariya ON January 30, 2014 9:21 am COMMENTS (2)

If I taken or given any amount through cheque/Net transfer in my family members(Wife/Brother/Mother/Father) its necessary to document as gift deed for Income tax purpose.

2 replies on this article “Is making Gift Deed compulsory If I gift money in family ?”

  1. Paresh says:

    What is the value of the stamp paper on which a gift deed for transfer of money is made?

  2. ashalanshu says:

    Dear Dkkatariya, to avoid any future trouble from income tax people, it’s in your own interest to prepare gift deeds for such transactions.

    Thanks

    Ashal

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today