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Gift tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 April 2018 I have received 5 lakh from my father through online banking. I want to make gift deed for that. Does anyone know that how one can make GIFT deed. Does this require registration stuff????
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
08 April 2018 there is no need for any gift deed for money received from father..
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Expert : Anonymous

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Expert : Anonymous (Expert)
08 April 2018 Yes you have to make registered gif deed.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
08 April 2018 could you please let us know under which law the gift deed would be required for this?
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
08 April 2018 Gift deed is not required for gift received from relatives.
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