Gift deed need to notarised for income tax/other

This query is : Resolved

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)
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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)
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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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