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How to transfer fund as a gift

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 December 2011 i want to give gift to my sisiter of rs 200000
how can i transfer that amt?
how much value of franking is required?
what is the next procedure?
when i transferring rs more than 50000, pan no is asked in deposit slip?
how this will used by bank or other sources?
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U S Sharma

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U S Sharma (Expert)
31 December 2011 use proper banking channels, make payment by cheque/Demand draft, avoid cash transactions.

no franking required,
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CA. Krishna K Neeraj

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CA. Krishna K Neeraj (Expert)
01 January 2012 Agreed with Sharma Ji
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Querist : Anonymous

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Querist : Anonymous (Querist)
01 January 2012 is gift deed require?
if yes when?
why?
is franking or stamp duty require?

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