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Gifts - Registration of deed

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11 May 2010 When a gift is made, is it sufficient to to execute a gift deed in a Stamp Paper with the signature of donee for accepting the gift and with the signatures of two witnesses? Is registration mandatory for purposes of Income Tax?
S. Krishnamoorthy

11 May 2010 registration of gift deed not compulsory anywhere. Sufficient if executed on a Rs. 100/- stamp paper

11 May 2010 Thank you, Aditya, for your crisp elucidation.
S. Krishnamoorthy




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