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GIFT DEED

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(Querist)
09 July 2009 My client wants to gift (cash) by cheque to his father its ok if franking is done instead of making a deed on stamp paper ??
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Ratan Sharma

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Ratan Sharma (Expert)
09 July 2009 Yes, franking is allowable.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
09 July 2009 Even otherwise,as u know, gift of movable property need not require deed of gift in stamp paper.
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