Significance of gift deed
This query is : Resolved
07 October 2019
Hi
What is the significance/ requirement of Gift deed, when gift is received from real brother?
In which legal formality will it be required?
What is the significance/ requirement of Gift deed, when gift is received from real brother?
In which legal formality will it be required?
K Srinivas, CMA CS
(Expert)
07 October 2019
Gift deed is mostly executed when the gift involves a real estate property. These kind of gift deeds should be registered to get a clear title.
07 October 2019
if it is about transferred money, what's its importance under income tax?
08 October 2019
It is not taxable under IT Act
KAVIRAJA ADDANGADI
(Expert)
09 October 2019
It's better take gift deed for money received by way of gift.
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