Gift to Father

Hi

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

Replies (3)
Quick Summary
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.

Gift deed can be made.

But is it compulsory? 

Depending on the volume of transactions.

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