My mother wants to gift 26 lakhs from a/c payee cheque . Pls tell me how much rs stamp paper for make gift deed and can my mother give money my wife as gift
My mother wants to gift 26 lakhs from a/c payee cheque . Pls tell me how much rs stamp paper for make gift deed and can my mother give money my wife as gift
Your mother can give gift of any amount to your wife, by way of cheque/ banking mode......
Just an affidavit confirming the loan and acceptance by your wife is enough............
But note that any income earned by your wife over the gifted amount will be clubbed into income of your mother....... (clubbing provision under income tax) !!!
| Originally posted by : Bharat | ||
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When I got gift from mother then earned income clubbed with my mother or me |  |
No clubbing in that case. The income earned on the gifted money will be assessed in your account...
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