30 August 2016
Respected Sir / Madam
Is gift deed is nessesary for cheque transactions between family members and if not what documents are required and what is limit in those Gift?
is previously (in 2015-16) given loan can be transfered to gift to family member in accounts ?
30 August 2016
No gift deed is required in case of cheque transactions between family members. No limit in case of relatives. Loan can be transferred to gift to family member in accounts.
CAclubindia
