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 Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
