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????

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.

08 April 2018 could you please let us know under which law the gift deed would be required for this?

08 April 2018 Gift deed is not required for gift received from relatives.


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