Gift Deed time limt

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Riddhi Dharod (Querist)
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26 September 2020 Parents has given gift to his children in February by cheque but deed was not executed due to lockdown and other issues.
Can we execute back dated deed now? or else what is solution as money is already transferred.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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26 September 2020 No gift deed required for cheque payment. Give a confirmation letter with cheque number with amount.

Riddhi Dharod

Riddhi Dharod (Querist)
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28 September 2020 Okay..on normal paper or stamp paer or do I need to do franking on letter?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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28 September 2020 Normal paper is enough.

Riddhi Dharod

Riddhi Dharod (Querist)
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07 October 2020 Okay Sir..thank you so much

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