Gift deed
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 February 2014
I have receive Rs.500000 in CASH from my father as a gift.
I want to show this in my books as gift.
For that is it compulsory to make gift deed or not ?
I want to show this in my books as gift.
For that is it compulsory to make gift deed or not ?
09 February 2014
it would be better to get it backed by a gift deed...even otherwise it should be ok as you are receiving it from a relative..
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