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.
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