documents required for preparation of gift deed.


Dear Experts

My mother Sold her house and got a new house for herself and wants to Give me some money from the sale proceed of the previous house. I would appreciate if someone can guide us the documents needed for the same....While preparing a gift deed in front of the lawyer, is it mandatory to have the original registration papers of New House?

Rgds

Vinod

 

 
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Your mother is giving you money in gift why registration papers of new property u need... ???
 
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Retired employee.

If it is cash, get the same from her account in which sale proceeds were lodged, in the form of a crossed account payee demand draft with a covering letter.  Contact a Chartered Accountant and pay necessary taxes, if required to legalize the transaction.

 
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