GST Plus - Get Daily updates,support, whatsapp Group & reply to GST Notices etc.!! Call : 011-411-70713 !!


Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Vinay Kamal   26 September 2021

Gift deed is required for transfer of money in blood relation

I have gifted Rs. 10lac to my brother and now I want to know whether gift deed is required or not.

 5 Replies


Sourav (Student)     26 September 2021

Yes deed is necessary
Shankar Rugge

Shankar Rugge   27 September 2021

Better to have gift deed


JGM (Knowledge Sharer)     27 September 2021

While there is no statutory requirement of executing gift deed for gifting money, it is advisable to have one as it will help the recipient to explain the source to the Authorities


J S BHAVSAR (CONSULTING)     28 September 2021

For higher amounts, better to have gift deed.

Abhinav Singh

Abhinav Singh (Dentist)     28 September 2021

Yes for a higher amount, a gift deed is better.

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Start a New Discussion

Popular Discussion

view more »

Subscribe to the latest topics :
Search Forum:

Trending Tags