Gift to son

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 February 2012 please guide,

when mr. x want to gift a cash and silver to his relative ( blood relation) then Gift deed need to be registered or not

thx

CA. Hari Kishan

CA. Hari Kishan (Expert)
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20 February 2012 Its not mandatory to register the gift deed.. however it is only to add weightage to the trasaction to prove its correctness.

Querist : Anonymous

Querist : Anonymous (Querist)

21 February 2012 thx a lot,

further querry is that what should be the price mentioned in the gift deed 1) the cost of the donar or 2)market price

th

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Querist : Anonymous

Querist : Anonymous (Querist)

21 February 2012 thx a lot,

further querry is that what should be the price mentioned in the gift deed 1) the cost of the donar or 2)market price

thx