Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Gift Deed

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

09 December 2010 I am selling my flat which was gifted by my wife in 2009 via making gift deed, this property was in joint name me & wife. As i am selling this property & buyer's bank want to have original gift deed for their recore along with the sale agreement.
I wanted to keep the original gift deed with me for Income Tax perpose.
I had beed advised that certified true Copy of gift deed can be acceapted by income Tax department for taxation perpose.
Need your Advice.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

22 December 2010 Sir,

In income tax certified copy of Gift Deed will be sufficient. In case, the ITO insists you to produce the Original Gift Deed, you may explain the matter to him.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now