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Gift to Father

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105 Points Joined September 2020

Hi

If any NRE Transfers funds to her father, is any gift deed required for the same? The amount is approx 35lacs. 

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On 10 May 2023 at 10:07 Report
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Profession Business
28196 Points Joined May 2017
Gift deed can be made.
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On 10 May 2023 at 10:36
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105 Points Joined September 2020

But is it compulsory? 

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On 10 May 2023 at 15:20
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28196 Points Joined May 2017
Depending on the volume of transactions.
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On 11 May 2023 at 13:11

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