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gift deed of money to sister

tarun (student) (27 Points)

27 July 2009

hello, can any one provide me the format of gift deed of sum of money made by cheque by an individual to his sister ?

plz mail to me on playtowinster @ gmail.com

thanq

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Anumanchipalli Sathikonda (Tax Consultant) (1349 Points)
Replied 27 July 2009

Mr. Tarun

In your case no gift deed is required. You can give a confirmatory letter to enable your sister to show the tax authorities if they ask for the sources of the funds. I am giving the format hereunder:

TO WHOM SOVER IT MAY CONCERN

I, Tarun, son of Sri___________________________________, resident of _____________________________ dohereby confirm that I have gifted a sum of Rs._____________/- (Rupees _________________________only) to my sister Ms.________________ resident of ______________________________out of love and affection vide cheque No.__________dated___________drawin on__________________________.

The sources for the above gift are savings out of my salary income/savings out of business income (as the case may be). I futher confirm that I am an Income-tax Assessee with PAN______________. I am regularly filing my retuns of incme with _______________________ (Assessing Officer)_______________________(Range)_________________,

I am herewith attaching a copy of my assessment order/acknowledgement for filing return of income (as the case may be) for the assessment year __________.

Singnature.

The above letter may be modified in case of non-assessee donors as needed.

Best Wishes

Sathikonda

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