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AK (Manager)     09 January 2018

Gifting money outside blood relation

Can money be "gifted" to JUST ANYONE  ?

For example - Can I gift money to a person whom I became friends with last week ?

If "yes" what are the terms and conditions?

Thank you



Learning

 3 Replies

R.Ramachandran (Advocate)     09 January 2018

One can gift anything to anybody. There is no legal bar.

If it is a gift, where is the question of any terms?  If you want to put any terms and conditions, it is for you to decide.  

N.K.Assumi (Advocate)     09 January 2018

you can even give to Taliban etc, provided you are not caught by police or army: meaning thereby to anybody on this planet. and if you know someone in Mars or the Jupiter even there also. 

AK (Manager)     10 January 2018

I meant to ask - can this be done with a legal document as a certificate of gift ? otherwise  the person receiving the money will  have to  keep that as black money.

how to avoid that?


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