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How to gift money to son

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(Querist)
27 July 2024 Sir whether gift amount can be transferred through NEFT or any other mode of online transfer of funds to my son. If yes, then what to write in gift deed instead of cheque no. etc.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 July 2024 Yes, gift deed not required. Gift deed required only for transfer of immovable property.
Note down the transfer reference number.
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SHARMA

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SHARMA (Querist)
28 July 2024 Thanks sir. Thanks for your quick response.
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