If I want to gift some money to by specified relative like real brother, say by bank transfer, Can I just send an email to him or make a gift deed decleration in plain paper regards this OR I have to use stamp paper, get it notarized and registered later for tax issues etc?
Menu
Gift deed query
Replies (1)
Tax department don't ask for gift deeds for gifts made in blood relations. However, if it does, or you want to be safe, just get a gift deed printed on a green paper and get it signed. Its a sufficient proof for gift. Also, Gift deed on stamp paper can be taken, if you think that the person giving you as gift may show the same as an asset or may demand it back in future..
Recent Threads
- Tax Query for FY 2024-25
- ITR Offline JSON Utility not showing saved drafts
- Incometax port8 not working
- U4gm-Leveling an Amazon Build with Lightning Spear
- 44ADA income declaration
- Taxation of RSU sold of foreign listed entity by e
- Form26QB in case of death of joint owner (seller)
- Exemption of allowance
- Hardship compensation recd from builder (redevelop
- ITC CLAIM REGARDING EXPENSES
Related Threads
CAclubindia
