Gifts - Registration of deed
This query is : Resolved
11 May 2010
When a gift is made, is it sufficient to to execute a gift deed in a Stamp Paper with the signature of donee for accepting the gift and with the signatures of two witnesses? Is registration mandatory for purposes of Income Tax?
S. Krishnamoorthy
S. Krishnamoorthy
11 May 2010
registration of gift deed not compulsory anywhere. Sufficient if executed on a Rs. 100/- stamp paper
11 May 2010
Thank you, Aditya, for your crisp elucidation.
S. Krishnamoorthy
S. Krishnamoorthy
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