Gift from father to son
KARTIK SAHORE (19 Points)
13 October 2022
My father want to gift a fd to me. Does it require a gift deed ? Also will any tax liability will be for me?
3 Replies
sabyasachi mukherjee
(27719 Points)
Replied 14 October 2022
If it's an tangible property then gift deed is required.
veerendar singh
(tax consultant)
(3306 Points)
Replied 14 October 2022
No tax liability to both parent and the child
its not necessary to make any gift deed
its not necessary to make any gift deed
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