Exempt gift in cash needs gift deed?


Others

for exempt gifts in cash is gift deed needed?...i mean like say father gift money to son via netbanking and tagged as gift, is thta enough or is any other document also needed?

 
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"Do the Right Thing...!!!"

Yeah... That is enough.
But Better to prepare a gift deed.
 
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Others

how is that done?...plain paper with rvenue stamp and sign of person giving the amount is enough?

 
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if you are giving gift to any person which in blood relation there is no need to explanation.
 
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if Gift is through net banking ( father to son) no need for any gift deed.
if it's cash gift then it's better to prepare gift deed on keep it on record.
 
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