Gift deed

Kuldip Hulani (Querist) 04 November 2014 This query is : Resolved
My client wants gift of 5 lakh cash from his father..then how much stamp duty is require?

"Stamp duty is applicable even if the transfer of jewellery to relatives through a gift deed is not registered," says Nerlekar.

Sir, above statement about movable property is adopted from Economic Times.

http://articles.economictimes.indiatimes.com/2011-05-12/news/29536095_1_donee-gift-deed-immovable-property

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Devajyoti Barman (Expert) 04 November 2014
For goif of moveable property gift deed need not be registered.

Sailesh Kumar Shah (Expert) 04 November 2014
there is no requirement of registration of deed of gift.

Rajendra K Goyal (Expert) 04 November 2014
Cash gift from father may be shown in Income tax return. No need of registration.

ajay sethi (Expert) 04 November 2014
father can gift sum of Rs 5 lakhs to his daughter . it should be by cheque not cash . further declare receipt of Rs 5 lakhs in your income tax returns . no need to enter into gift deed