Gift

This query is : Resolved 

28 March 2012 Is there any limit on gift money to family memebers?

28 March 2012 There is no limit on gifts to relatives. However, the donor should be able to substantiate the source of his income.

28 March 2012 Thank you very much for prompt reply. DO i have make gift deed in Rs 20 stamp paper?

28 March 2012 Are you gifting an asset or cash?

If you are gifting an immovable property, then you need to get is registered. There is no need to prepare a gift deed.

28 March 2012 i am gifting cash only.
Me and my father wants to gift My wife.


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