Giftdeed
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 December 2011
MY MOTHER WANT TO GIVE GIFT OF RS 100000 ON MY BIRTHDAY.
FROM THE INCOME TAX POINT ,WHAT I HAVE TO MAINTAIN DOCUMENT?
HOW TOP PREPARE GIFTDEED?
IS FRANKING REQUIRED?
IF I WILL DO ,THEN WHAT IS NEWT STEP?
IS ALL PROCEDURE RELATING TO GIFTING COMPLETE?
FROM THE INCOME TAX POINT ,WHAT I HAVE TO MAINTAIN DOCUMENT?
HOW TOP PREPARE GIFTDEED?
IS FRANKING REQUIRED?
IF I WILL DO ,THEN WHAT IS NEWT STEP?
IS ALL PROCEDURE RELATING TO GIFTING COMPLETE?
09 December 2011
The Above Gift is fully exempt from tax. Just make a gift deed on 50 or 20 Rs stamp paper. No Franking required. This is just for safety purpose in case of Income Tax Scrutiny.
For format of gift deed check out below link-
https://www.caclubindia.com/forum/some-useful-letter-and-deed-formats--106894.asp
For format of gift deed check out below link-
https://www.caclubindia.com/forum/some-useful-letter-and-deed-formats--106894.asp
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 December 2011
thanks a lot!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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