Registration of gift deed

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

16 December 2012 Shall i prepare gift deed of payment made in past.?
And within which date i prepare such deed.?

@VaibhavJ

@VaibhavJ (Expert)
Follow

16 December 2012 Hi,

If gift are made then you better discharge same with gift deed to avoid disputes among family members.

It is generally required to be made before giving gift but you can regularize the same after gifting property also.

Also note you need to pay Stamp duty.

Thanks//Vaibhav
Revert for more clarity.
Click thank button to convey your appreciation.

Querist : Anonymous

Querist : Anonymous (Querist)

18 December 2012 thank you for your reply. but i want to know the period within which i can prepare gift deed after making payment of such gift amount.

@VaibhavJ

@VaibhavJ (Expert)
Follow

18 December 2012 generally it is to be prepared on or before gifting, however if not then at least before the end of that financial year.

thanks

Message likes : 1 times

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

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!