I had received gift cheques from my father, mother and wife in May 2008 for the purchase of flat in my name.
However, then we were not aware that gift deeds should be made. Can Gift Deeds be made now mentioning the gift details?
New Joinee (none) 30 April 2009
Would also request for the format of the gift deed and necessary procedures / formalities involved.
A V Vishal (Advocate) 30 April 2009
MODIFY THE FORMAT SUITABLY BY ADDING THE AMOUNT AND CHEQUE/ D D NOS'
S S Singh (Sr. SE) 01 May 2009
Kindly suggest on stamp paper of how much cost Gift Deed should be made?
Also can it be made in any city even where we don't have residence?
BHANU RASPUTRA (ADVOCATE & SOLICITOR firstname.lastname@example.org) 01 May 2009
AS PER MY VIEW GIFT DEED NEED NOT BE MADE , AS it is gift in terms of money. IN case of gift of money , it is option to execute gift deed. u can ask ur C.A... WHETHER gift deed is required at the tim eof filling return or at the time of scrutiny.
A V Vishal (Advocate) 01 May 2009
Dear Mr Singh
It is not necessary to execute the gift deed on a stamp paper. But have the same notarised that should be sufficient, registration of gift deed is necessary only in case of immovable properties.
Krishna (NA) 08 February 2011