Gift Deed time limt

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A user asked if a gift deed could be backdated after a cheque payment was made to children during lockdown, as the deed wasn't executed at the time. The advice given was that a formal gift deed isn't required for cheque payments. Instead, a confirmation letter detailing the cheque number and amount, written on normal paper, is sufficient.

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(Querist)
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.
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CA R SEETHARAMAN

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

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

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

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