No need any gift deed...
(But, If amounts big then better to prepare a deed/letter for future reference. It's my advice only).
Gift deed is there for property only. Stamp duty applicable
Tds applicable if it's a business or professional only 10%
GST on gift applicable between employee and employer with a threshold 50000
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CAclubindia
