Cash gift from parents

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 March 2014 Whether cash gift from parents need to register?

26 March 2014 it is advisable to register...as such you would still be able to manage without registration..

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 March 2014 Thank you Sir,
If I purchase property from this gift money, then could I present in my balance sheet?

26 March 2014 very much you can......

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 March 2014 Really appreciate sir,

So finally on conclusion that, even if I received cash gift from my parents and also if did not registered it, I can purchase property from that cash and can present in my balance sheet, is it sir?


26 March 2014 yes..but your parents should be able to establish the source of this cash!!!


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