Gift

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 August 2013 Is Gift deed necessary for transfer for Vehicle from Father to Son for the purpose of his business.
Or can such gift can be by way of writing in a plain paper

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

07 August 2013 legally specking it is imp to make deed as it will prove to be an evidence in court of law,in case if any problm later arises.

u also need to pay stamp duty as applicable.

Querist : Anonymous

Querist : Anonymous (Querist)

07 August 2013 How do one determine the value such vehicle assuming it has been used for previous 2 years

Upgrade to CAclubindia Pro. Subscribe Now!