Gift regarding
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 January 2013
Dear Sir,
Suppose father gives a cheque to his son of Rs. 5 lacs as gift. Please provide me format of covering letter for the same. And one more thing to ask, that whether the said letter is sufficient to prove gift or there is gift deed is mandatory to draft.
Thanks in advance.
Suppose father gives a cheque to his son of Rs. 5 lacs as gift. Please provide me format of covering letter for the same. And one more thing to ask, that whether the said letter is sufficient to prove gift or there is gift deed is mandatory to draft.
Thanks in advance.
CA PARAS BAFNA
(Expert)
05 January 2013
Please find the format of gift deed-
https://paryca.org/images/Legal%20Due%20Diligence/Gift%20Deed/format%20of%20gift%20deed.pdf
https://paryca.org/images/Legal%20Due%20Diligence/Gift%20Deed/format%20of%20gift%20deed.pdf
Message likes :
1 times
05 January 2013
Hey Hi,
Confirmation of Gift of money can done be on a plain paper by way of a gift deed, there is no necessity of stamp paper.
Simple format of deed:
GIFT DEED
KNOW ALL MEN BY THESE PRESENTS that I, _____________ S/o Sh.___________ r/o ____________________, transfers voluntarily, CASH OF value of which is Rs._____________ (Rupees_____________ only) to my SON/HUSBAND/SON IN LAW SRI.____________ S/o of Sh._________________ (hereinafter referred to as "the donee") To Hold the same to the donee absolutely forever. I further declare that the said gift has been made by me out of my natural love and affection for the donee and the same has been accepted by the donee.
IN WITNESS WHEREOF, I have executed this deed this ________ day of __________.
Witness:
1.
DONOR
2.
DONEE
I, SRI. ______________, the donee hereby accept the gift.
Confirmation of Gift of money can done be on a plain paper by way of a gift deed, there is no necessity of stamp paper.
Simple format of deed:
GIFT DEED
KNOW ALL MEN BY THESE PRESENTS that I, _____________ S/o Sh.___________ r/o ____________________, transfers voluntarily, CASH OF value of which is Rs._____________ (Rupees_____________ only) to my SON/HUSBAND/SON IN LAW SRI.____________ S/o of Sh._________________ (hereinafter referred to as "the donee") To Hold the same to the donee absolutely forever. I further declare that the said gift has been made by me out of my natural love and affection for the donee and the same has been accepted by the donee.
IN WITNESS WHEREOF, I have executed this deed this ________ day of __________.
Witness:
1.
DONOR
2.
DONEE
I, SRI. ______________, the donee hereby accept the gift.
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