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Gift from Relative

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(Querist)
01 June 2011 Is is necessary to make Gift Deed/Cheque entry to receive cash from Husband or relative?
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Vivek Mehta (CA, DISA,CS, MBA)

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Vivek Mehta (CA, DISA,CS, MBA) (Expert)
01 June 2011 Its not necessary to make but it is advisable to make Deed when accepting or giving a gift to or from any relative.

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