i want to take gift form my father

I want to take gift from my father through cheque. what is the procedure for such gift? what documents are required for gift from father to son?Am i required to make affidavit for such gift of money through cheque?please describe any other document or procedure if required.

Replies (7)

Yes, You can take gift from your father but only on special occassion for e.g. Marriage or B'day like wise and on such goft, Gift Deed and Affidavit both are required Documents.

 Any special occasion is not required for taking gift. Gift can even be taken without any special occation. Further, there is no specific documentation with regards to the gift. The procedure is just handing over the gift (or the cheque in the current case.) However, in order to avoid future controversies, the parties are advised to make a gift deed. However, it is not compulsary.

 

However, In case of immovable properties, the property of Value Rs. 100/- or above can be transfered only through a gift deed. This is an exception to the statement given in the earlier paragraph.

Originally posted by :shail
" I want to take gift from my father through cheque. what is the procedure for such gift? what documents are required for gift from father to son?Am i required to make affidavit for such gift of money through cheque?please describe any other document or procedure if required. "


 

What is procedure for making giftdeed.I need step by step procedure(stamp paper required,wording,registration formalities etc)

 

Plz reply

i m sending declaration and affidavid for GIFT

affidavit for gift

Himanshu,

I am somehow confused what is the purpose of a declaration unless it is not legalised , as because the affidavit is a form of instruement which is legalised by the court of law.

 

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