gift deed for gift of money through cheque by close relative


Is it compulsory to make gift deed in case of gift of money through cheque by close relative?

Is it required to be made on stamp paper?

Is affidavit required to be made for such gift?

Is compulsory to noterize gift deed?

 
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practicing advocate

Dear Shail,

It is mandatory to gift the amount  thru., cheque.

affidavit is sufficient.

affidavit will be always on the stamp paper.


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Ditto


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Lawyer in Hyderabad.wats app no.9989324294

If the amount is less than rs.5000/-. No need any document.

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I have one more question.the gift amount  is  already tranfered by cheque. 

Can i make affidavit now? (i.e. gift is already made few months before)

Also gift deed on plain paper is valid for gift  from close relative?

 
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