respected experts ,
My father had gifted my wife some amount ( 1 lacs ) on govt official water mark paper in 1989 . She utilized that amount at different different places like ( fd , land , gold etc ). Now my father is no more and now a days water mark paper is not used to make a gift deed . Sir the gift deed what i have is still valid or not ? Still i have that deed . Will it be ok ?
Suggest me please
It is okay. You may preserve it just for the record. The transaction is too old for anyone to bother.
Sir , since now govt has stopped printing watermark papers , now will my deed still authentic ? In past people were used to make deed generally a water mark paper but now they dont . Please tell me , will it work in todays enviroment ?
Still i have to maintain that deed . Or i should not think about this deed which had taken place 20 years ago ?
My wife is filing itr from this years . Till now she hadnot filed itr but she has received interest on that amount and still receiving ....
CAclubindia
