Cash received from father Rs, 22 Lakhs
This query is : Resolved
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
Also, how much money one can carry with him.
Pls advise
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.
19 September 2025
Good Luck...
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