Gift
This query is : Open
DEEPAK AWCHAR
(Querist)
07 August 2017
Pitaji se24 lac ka ghar gift me mila, To taxable rahega ki taxfree
K Srinivas, CMA CS
(Expert)
07 August 2017
yeh gift tax free hai. lekin ek gift deed execute Kariye to avoid future problems
CA Rashmi Gandhi
(Expert)
07 August 2017
Agar koi gift relative se receive hota hai to wo taxfree hai.
Legally prove krne ke liye better hai ki ek gift deed exevute kr di jaye.
K Srinivas, CMA CS
(Expert)
07 August 2017
Rashmi ji, well explained in hindi. I'm not that comfortable in hindi
CA Rashmi Gandhi
(Expert)
07 August 2017
No problem dear. But you explained well even not comfortable in hindi.
DEEPAK AWCHAR
(Querist)
07 August 2017
Thank you....
Message likes :
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CA Rashmi Gandhi
(Expert)
07 August 2017
Welcome........
08 August 2017
Just a question, is it advisable to have gift deed on stamp paper? Or would it be ok to have it on a normal piece of paper duly signed by the concerned relative
K Srinivas, CMA CS
(Expert)
08 August 2017
Depends on the gift, I'dsay.
K Srinivas, CMA CS
(Expert)
08 August 2017
if it's an immovable property, obviously it requires that you register it with the Registrar office
K Srinivas, CMA CS
(Expert)
08 August 2017
For other gifts, based on the value you may execute it on stamp paper. Stamp paper could be of Rs.100 value minimum
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