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Gift Deed

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(Querist)
08 October 2009 Do I need to make a gift deed for receiving money through cheque by my father (about Rs. 5 lac)? If yes, then what is the format for it and will I have to pay tax on that amount?

Thanks and regards
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CA.Hanumantha Reddy

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CA.Hanumantha Reddy (Expert)
08 October 2009 Not required so to get gift from your father.
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chetan soni

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chetan soni (Expert)
08 October 2009 i agree, It is not required mandatory.
but just for the sake of safer side have it.

You can get the for mat at http://dcsouthwest.delhigovt.nic.in/download1.htm
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