shail (law) 23 May 2009

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?

adv. rajeev ( rajoo ) (practicing advocate) 23 May 2009

Dear Shail,

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

affidavit is sufficient.

affidavit will be always on the stamp paper.

1 Like

Ditto

1 Like

Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 23 May 2009

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

1 Like

shail (law) 24 May 2009

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?