Gift deed stamp for cheque

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AMIT Sagar (Querist)
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13 September 2020 Mere father mujhe 20lakh ka cheque dena chate h to kya us par koi tax lagega ya mujhe gift deed banwana padega

CA R SEETHARAMAN (Expert)
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13 September 2020 No tax payable on gift from father. No gift deed required in view of payment by cheque. Have copy of cheque as a proof.

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