Seek help on gift matters...

 

Hi,

My father has given me Rs 15 lacs as gift.

Will he be required to execute a gift deed, what should be the value of stamp papers and should the gift deed be registered?

Thanks.

Kumar

Replies (1)

no need of stamp papers

just in plain paper information is suffecient

the same answer is also given in experts queries of this site,u may read that also

it is also exempt.......

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