Gift deed (money via online transfer) procedure

Dev Chunky (3 Points)

25 January 2023  

Hi,

I am planning to gift my brother money (to help with purchase of a flat), and would like to do this via an online transfer from my bank account to his account.

In this regard could anyone please share what the wording of the gift deed should be like for getting this gift deed notarized in case is required for tax filing purposes later? (the samples I found so far all mention cheque)

Thanks in advance!