stamp paper for gift

no tax will applicable between father and son you can just write on plain paper instead of stamp paper…

You may simply draft the gift deed on plain paper. The format is as under;

GIFT DEED

I _____________ S/o Sh.___________ age  r/o ____________________, solemnly offering and declare as below :

1.That on  day  out of natural love and affection towards ---------------------s/o ----------------age---------.resident at ----------------------made a gift of Rest. -----------(Rupees----------------------)by Cheque no. ---------dated--------which was gladly accepted by --------------

2.That the said gift was made by me absolutely irrevocable and forever , out of natural love and affection which I towards the said donee who is my ------------and the said gift was made out of my own free will .

3. That the said sum of Rs. ------------(Rupees --------------------------------)was given out of my self acquired funds and other person had any right , title and interest in the said sum .

4. I am not assessed to Income tax and /my source of Income is Agriculture & Pension

Or

I am assessed to Income Tax at ward ----------------at ------------my Pan is ----------------

5. That Whatever have been stated above are ture and correct to the best of my knowledge and belief .

IN WITNESS WHEREOF, I have executed this deed this ________ day of __________.

Witness: 1

              2

I, SRI. ______________, the donee hereby accept the gift. 

Thanks Pankaj

But in our club, i see that for upto Rs.5,00,000 , 100/- stamp paper is required.

Is it differ from state to state?

no stamp needed for family relations gift, even no record is necessary, its just a formality to file the same in hands of receipent for future reference and records.