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madhu (housewife)     21 February 2011

Unkind cut on Independence Day eve

My MIL wants to gift my son(minor) a sum of Rs 300000. Is it taxable n which way the money can be gown best for his future studies. Is a stamp paper needed or can the money be gifted on plain paper with witness and stamp from the bank where the money is transfered?



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 1 Replies

madhu (housewife)     21 February 2011

My MIL wants to gift my son(minor) a sum of Rs 300000. Is it taxable n which way the money can be gown best for his future studies. Is a stamp paper needed or can the money be gifted on plain paper with witness and stamp from the bank where the money is transfered?


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