CAN I SHOW GIFT TO MOTHER IN CASH UPTO RS. 100000/- IT SHOULD BE ANY PROBLEM FOR SCRUTINY????? IF GIFT DEED IS REQUIRED??? HOW MUCH AMOUNT OF STAMP PAPER I CAN USE???? IT IS REQUIRED TO REGISTERED OR NOTIRISED?
THANKS & REGARDS
ARUNA THAKUR
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GIFT AS A CASH TO MOTHER
Replies (2)
see this link
www.simpletaxindia.org/2007/09/got-gift-from-relative-no-tax-on-it.html
You can give gift cash to mother of any amount but you must have source of cash in your hand. Declaration of gift on Rs. 100/- stamp paper would suffice. Sign of both on the stamp paper would suffice.
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