I have received some gold ornaments and money from my parents as gift. Please let me know, is it valid to execute a gift deed on a 20 rupees stamp paper and use it as proof.
1. Is there any rule for selecting stamp paper value for making gift deed (movable property). Or it can be done on any stamp paper as its not a transaction of immovable property.
I am staying Tamil Nadu, please consider if state to state rules are different