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I am taking cash as a gift deed

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(Querist)
23 January 2017 I am taking cash as a gift deed from my father? Is that should registered in sub register office?
2) how much limit i can take as a gift in cash?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
23 January 2017 1 No need of registration.
2 No limit.
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Raghu chandan

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Raghu chandan (Querist)
23 January 2017 sir @seetharaman then what is the procedure for that?



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Raghu chandan

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Raghu chandan (Querist)
23 January 2017 if it is notarified?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
23 January 2017 Draft a gift deed in Rs. 100 stamp paper get it signed with witness.
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Raghu chandan

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Raghu chandan (Querist)
23 January 2017 thank you sir

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