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Gift deed need to notarised for income tax/other

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Querist : Anonymous

Querist : Anonymous (Querist)

29 March 2014 Res Sir,i want to know,my uncle give me Rs.4 lacs as a Gift via Bank cheq.and we make this Gift did on Rs.20`s stamp paper,it is necessary to notarized ? if yes,then in describe in income tax law ? if yes,then kindly give me it`s number.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

29 March 2014 Not required to get the gift deed notarised. Gift deed on Rs 20 Stamp paper duly signed by both doner and donee is sufficient.

Querist : Anonymous

Querist : Anonymous (Querist)

30 March 2014 Thank you Sir,if it is not notrized (Duly sign in-front of Third party)then is it possible,may be my uncle`s other Family member oppose in future this gift did is false,and says it`s un-secure lone,not a gift and demand for money back ? then what to do ? kindly advice please.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

30 March 2014 when your uncle signs it means he has given consent. If you fear that you can get the deed notarised.

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