Hi Experts,
Can you please help me with my below queries regarding Gift deed

1.If Mother gives Son or daughter in law a substantial amount as GIFT spread across 2-3 years do you need to make a Gift deed ?
2. If yes do we have to make it every Financial year ?
3. Is it possible to make one in this financial year and to mention the total amount to be gifted over next few years
4. If gift deed is in place does the clubbing of income apply ?


Appreciate your inputs .


Thanks,

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