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.
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gift deed
Replies (7)
yes, you can do so
how much in one financial year we can send ??
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
Although there is no restriction, it is preferable that you pay by cheque. If possible get a gift deed prepared.
gift deed is expensive so i there other way?????
It is not compulsory, but advisable as it becomes easier to prove ur point.
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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