Gift in income tax.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 September 2014
My son made gift of 5 lakhs to his mother out of his own fund.
Does gift affidavit is required for this or a simple letter written by my son will serve the purpose.
Does gift affidavit is required for this or a simple letter written by my son will serve the purpose.
17 September 2014
It is always better to have a gift deed executed.
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