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Gift Deed

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(Querist)
26 March 2009 Ihave maid a gift of Rs.1.1 Lakh to my niche. I want to record it as gift deed. She is a minor. Pls guide the specimen draft to be recorded for the same. Also who are the persons to sign this gift deed as the donee is a minor.
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Vanita Rathi

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Vanita Rathi (Expert)
26 March 2009 The guardians(parents/ grand parents) can do the formalities on the behalf.
Please consult any practicing chartered accountant nereby for format of gift deed. It has to be seen from your facts that whether the gift is taxable or not.
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