How to gift money to son


This query is : Resolved 

Quick Summary
You can easily gift money to your son using online transfer methods like NEFT. A formal gift deed is generally not required for monetary gifts, unlike for immovable property. Simply ensure you record the transaction reference number for your records.

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.

28 July 2024 Yes, gift deed not required. Gift deed required only for transfer of immovable property.
Note down the transfer reference number.

28 July 2024 Thanks sir. Thanks for your quick response.


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