Gift
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 July 2012
Son received gift from father of Rs 5 Lac through account payee cheque, is gift deed necesary. If gift deed not made then what question can be raised by the Assessing Officer.
12 July 2012
Gift deed is not necessary.
Since the transaction is through bank there will be no problem.
Since the transaction is through bank there will be no problem.
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