MSME Certified Income Tax Live Batch to commence from 21st January 2022. Limited Seats. Register Now!!

taskopad

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

i want to take gift from my father

This query is : Resolved 

23 May 2009 i want to take gift from my father through cheque.what is the procedure for such gift? what documents are required for gift from father to son?am i required to make affidavit for such gift of money through cheque?please describe any other document or procedure if required.

23 May 2009 Hi,
You will have to prepare a Gift Deed on the stamp paper of Rs. 100/- . You have to mention the cheque/D.D. number in the gift deed and that it has been received out of natural love & affection. It need not be registered or notorised. No affidavit is required. Just keep the Gift deed in your file and produce whenever required before any authority.

24 May 2009 thanks a lot dear ratan sharma.

I have one more question gift amount is already tranfered by cheque few months back.can i make gift deed now?

24 May 2009 thanks a lot dear ratan sharma.

I have one more question gift amount is already tranfered by cheque few months back.can i make gift deed now?

24 July 2009 Date of stamp paper cannot be before the date of cheque. Hence take a declaration of gift on plain paper.

24 July 2010 no there no matter of stamp paper date it can be taken before cheque but in reasonable time



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


Similar Resolved Queries


loading





expand_less