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SIR,
IS GIFT RECEIVED FROM BROTHER'S WIFE IS LEGAL. PL CLARIFY
Replies (7)
You being an advocate can suggest whether it is legal or not, we know that it is from relative as per IT act, and hence tax-exempt.
Sir, cash gift is received by a lady fro m her brother's wife makes any difference. pl clarify
No problem, but make gift deed.
thank you very much sir
sir should the cash gift deed be surely on stamp paper or white paper? please answer
Refer the state specific stamp act. For IT purpose generally made on 100/- Rs stamp. More important is either 2 witnessess or notarization.
thank you very much sir
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