Gift in cash

1246 views 9 replies

Whether Gift Can Be Received In cash from Relatives..?

Replies (9)

Yes, But atleast keep a gift letter on record.

If I received gift from my Father a 2 year ago.. and i dint have any record in writing..

But my father give me a latter of declaration that he gave me gift..

Whther it is justifiable in sucrutiny ...?

Does your father file return? Has he shown gift given to you in his balancesheet? If, yes then it could be convincing.

If not, a declaration, as you have would help. Please substantiate it by providing father's passbook copy showing withdrawal of the gift amount before the gift date, if any. The source of the gift would be considered important.

agreed with the above discussion

you can also make a gift deed now

AGREED WITH THE ABOVE DISCUSSION

Preferable gift deed and source required.

you can receive the gift in cash from relatives but it should be deed on stamp paper  as a proof  documents which is  enforceable by laws and the date of stamp paper shoul be earlier than the date of gift made.

you can make a gift declearation. it is nothing but a gift deed but the word should be used as gift declaration


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details