Gift to Father

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Accounts
106 Points Posted on 10 May 2023

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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This discussion explores whether a gift deed is necessary when an NRE transfers funds to their father, specifically for an amount around ₹35 lakh. While a gift deed can be executed, its compulsory nature depends on the volume of transactions involved.

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Profession
28261 Points Posted on 10 May 2023
Gift deed can be made.
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On 10 May 2023 at 10:36
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Accounts
106 Points Posted on 10 May 2023

But is it compulsory? 

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On 10 May 2023 at 15:20
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Profession
28261 Points Posted on 11 May 2023
Depending on the volume of transactions.
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On 11 May 2023 at 13:11

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