For money gift whether a declaration by donor is required in addition to an affidavit?

C.A Alok Mukherjee (Querist) 21 August 2012 This query is : Resolved
Dear all,

I heard for money gift an affidavit would suffice the purpose? Later on one of my friend told me a declaration is also required to be supported with? I am confused? If I submit the affidavit and duly notarized it then what for the declaration? Can you please help me?

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adv. rajeev ( rajoo ) (Expert) 21 August 2012
declaration is not necessary

ajay sethi (Expert) 21 August 2012
no declaration necessary for money gift

C.A Alok Mukherjee (Querist) 21 August 2012
Thanks Mr. rajoo and Mr.Sethi.

Can anybody provide me a draft format of affidavit of the money gift?

Adv.R.P.Chugh (Expert) 21 August 2012
Not just with money, with all moveable properties - a delivery of possession suffices.

Advocate Bharat Chugh

*Supreme Court of India

*Delhi High Court/Distt. Courts of Delhi.

Devajyoti Barman (Expert) 21 August 2012
Affidavit would hep establish the gift.

Guest (Expert) 21 August 2012
While no declaration is compulsory, but affidavit can prove to be a formal confirmation about the gift.

C.A Alok Mukherjee (Querist) 23 August 2012
Dear all,

In the affidavit does it require to convey that the gift is accepted by the donee?
Secondly is it required to be signed by the donor (deponent) as well as donee?
Please help?

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