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Gift deed of money

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(Querist)
02 April 2019 Is gift of more than 2 lakh by grand mother to grand son who earns more than 15 lakh Tax free ?
Where such gift deed be registered ? Because Registrar office refused to registered gift deed of money.
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
02 April 2019 Gifts between relatives is tax free
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
02 April 2019 No requirement of gift to be registered. If you want, you can at best ask the grandmother to execute a gift deed for such transfer and still not register it
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