can i give gift to dad in
cash by cheque to her account. 2 times 1 now and another after 5 months after and how much cash can i give by cheque.
7 Replies
MOHAMMED IMRAN
(1020 Points)
Replied 16 January 2019
you can pay any amount of gift, there is no restrictions for sending money to your parents
- it is application/ utilization of income
- it is application/ utilization of income
Chhalani and Associates
(CA - www.cachhalani.com)
(142 Points)
Replied 16 January 2019
Although there is no restriction, it is preferable that you pay by cheque. If possible get a gift deed prepared.
Lila
(Job)
(524 Points)
Replied 16 January 2019
It is not compulsory, but advisable as it becomes easier to prove ur point.
pathak mihir
(189 Points)
Replied 16 January 2019
any other way to prove for safe ,other than gift deed as amount is huge so if i prepare gift deed its costly 5% so plz suggest
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