Want to give amount to dad as a gift

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Sr. Executive - Accounts & Audit
65 Points Posted on 11 February 2020

Dear Team,

I want to give around Rs. 100000/- to my Dad So, please suggest how to give as a gift what's the process and documents require for the same.

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On 11 February 2020 at 12:27 Report
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This discussion explores the best ways to gift a significant sum of money, around £100,000, to a father. The consensus suggests using banking methods for the transfer, as this avoids the need for a formal gift deed. The thread aims to clarify the process and any necessary documentation for such a transaction.

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Sr. Executive - Accounts & Audit
65 Points Posted on 11 February 2020

Thank's for Reply

what is the process and document need for gift deed . ? 

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On 11 February 2020 at 14:35
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"Do the Right Thing...!!!"
128157 Points Posted on 11 February 2020
@ Mr Deepal Patel.,

Better to give through banking mode. Then no need any deed..
1 Reply
On 11 February 2020 at 18:00

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