Gift by Father to Son

A father gives cash gifts at different time intervals to his son. My query, is each cash gift needs a separate gift deed or no need of any gift deed as blood relationship???
Replies (6)
Quick Summary
This discussion clarifies whether a formal gift deed is necessary when a father gives cash gifts to his son. While generally not required for blood relatives, it's advisable to consider a deed or letter for larger sums for future reference. The consensus is that gift deeds are primarily for property, and cash gifts between family members don't typically need one, though tax implications might apply in specific business or employment scenarios.

No need any gift deed...

(But, If amounts big then better to prepare a deed/letter for future reference. It's my advice only).

No not desirable
You can make one gift deed towards the year end and write the full year's details in one document itself.

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

Blood relation can be termed as gift
Non blood relation can also be termed as gift.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
31 October 2026
Accountants

sankaran and krishnan

New Delhi

B.Com

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details