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Cash received from father Rs, 22 Lakhs

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16 September 2025 What are the precautions to be taken to receive liquid cash of Rs. 22 lakhs from father? Is a gift deed required? Father took a loan from the bank to pay this amount to his son. He wants to give this to another person

Also, how much money one can carry with him.

Pls advise
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
16 September 2025 Your father should give you this amount by any banking mode like Cheque, RTGS etc. You cannot receive liquid cash of Rs. 2 lakhs or more.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
19 September 2025 Good Luck...
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