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(Querist)
31 October 2008 My father has given me Rs 15 lacs as gift.

Will he be required to execute a gift deed, what should be the value of stamp papers and should the gift deed be registered?

Thanks.

Kumar
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
31 October 2008 Cash gift needs no compulsory registration under the INDIAN STAMP ACT.
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Kumar

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Kumar (Querist)
31 October 2008 So, the gift deed should be made on plane paper, am I right?
However he has given me a crossed cheque.
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Kumar

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Kumar (Querist)
31 October 2008 Also, I would appreciate if I can get a draft of the deed.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
01 November 2008 Not even a deed just a letter by donor and acceptance by donee.
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