Gift deed procedure

1917 views 5 replies

What's the procedure to document gift Deed (cash amount by cheque) which is exceptable practice as per income tax lax act ?
Print a gift deed format on 100 Rs. stamp paper & get it registerd ?  

Also, Do i need to pay Stamp Duty (varies as per state) to register Gift Deed?

Is stamp duty needs to be paid as per the gift amount? 
for example
Maharashtra state has 6% Stamp Duty, if i have received 10,000 Rs. gift from My Mother & if i register gift deed, Do i need to pay 600 Rs. as Stamp duty ?

Also please share gift deed document sample if any available.

Thanks in Advance
Regards,
Pradip Sodha

Replies (5)

Gift deed for any immovable or tangible assets?

Or just cash amount by cheque?

cash amount by cheque.

Just  simple writing on plain paper of gifting the said amount by cheque (number, drawee bank & date), to the relative out of love and affection, which is accepted by donee with thanks and attested by two witnesses is enough.

No need of stamp paper or registration. In case of any doubt, may notorize it.

Thank you Dhirj sir for prompt reply.

is Notorize document is exceptable by Income Tax ? if in case gift receiver gets query from Income tax.

YES for monetary gifts, not for immovable property!!


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details