GIFT DEED
This query is : Resolved
09 July 2009
My client wants to gift (cash) by cheque to his father its ok if franking is done instead of making a deed on stamp paper ??
Ratan Sharma
(Expert)
09 July 2009
Yes, franking is allowable.
09 July 2009
Even otherwise,as u know, gift of movable property need not require deed of gift in stamp paper.
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