Gift deed

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 March 2017 I want to gift 800000/- to my father. Whether I need to execute a Gift Deed. If Yes, Can I use 100/- Stamp paper

Advocate Balachander Reddy

Advocate Balachander Reddy (Expert)
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05 July 2017 Yes.How ever ,Registration of Gift deed /instrument is not mandatory as per Registration Act of 1908.However it is advisable to make the same, registered, to avoid legal hindrances that may cropup in future...u can inbox me for Drafting of the same, for Nominal fee ,if u intend to do so... Regrds... Adv.Balachander Reddy, 9959850723