There is not any specific format for gift deed under income tax act but general format is attached and that must be on Rs. 100 stamp paper. Three formats are: Individual to Individual HUF to Individual
sandeep fatehpuria (propritor) (33 Points)
21 December 2009
There is not any specific format for gift deed under income tax act but general format is attached and that must be on Rs. 100 stamp paper. Three formats are: Individual to Individual HUF to Individual
supernova
(M.D.)
(59 Points)
Replied 27 August 2012
IS RS 100 Stamp paper necessary ? can it not be given on simple paper or paper with revenue stamp .
i have huf in my name with my wife and son as other members . can my father-in-law gift 49000 to my huf without incurring any tax liabilty?
A.V.Vardharajan
(General Manager)
(33 Points)
Replied 15 January 2014
Thanks. It was very useful. Pls let me know if there is any higher limit for giving gift.
AUDITOR VINOTHKUMAR
(a)
(870 Points)
Replied 24 March 2014
Dear Experts,
Pls give me any one format gift deed (physical stock gift) received from grant father
HARI
(Retired)
(37 Points)
Replied 13 August 2015
My daughter is NRI/Canadian. She has sold her property in India and money deposited in their Indian Bank A/c. She wants to give Rs. 30 lakhs to me as Gift to enable me to complete/purchase of Bungalow. Can she give money to father and required to prepare Gift Deed, duly notarized in Canada and register same in India? I have to pay any tax for this money/gift. Thanks.
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