Cash gift to son/daughter/son in law/daughter in law
This query is : Resolved
Subhash Chandra Sharma
(Querist)
08 November 2013
I want to know whether a person having agricultural income ( a senior citizen in particular also retired from services ) can gift any sum in cash to his/her son/daughter/son in law/daughter in law by declaring simply on a plian paper ? or requires a stamp paper ?
Is there any other solution too of the similar problem better known to professionals ?
Please guide
Is there any other solution too of the similar problem better known to professionals ?
Please guide
CA PARAS BAFNA
(Expert)
11 November 2013
To make the write up a legal evidence, it is better to prepare gift deeds on stamp paper.
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The above is the most economic and powerful solution.
.
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The above is the most economic and powerful solution.
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