Poonawalla fincorp
Poonawalla fincorp

Gift deed required or not ?

This query is : Resolved 
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(Querist)
23 February 2009 If father or mother give a/c pay cheque 4 times in a year to their daughter as a gift then GIFT DEED is require all the time or not ?
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CA Sanjeev Kr Jain

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CA Sanjeev Kr Jain (Expert)
23 February 2009 it would be better to have some document recognising the gift.

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