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i want to take gift form my father

shail (accountant) (113 Points)

23 May 2009

I want to take gift from my father through cheque. what is the procedure for such gift? what documents are required for gift from father to son?Am i required to make affidavit for such gift of money through cheque?please describe any other document or procedure if required.

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7 Replies

Ekta (Practicing CS) (423 Points)
Replied 26 May 2009

Yes, You can take gift from your father but only on special occassion for e.g. Marriage or B'day like wise and on such goft, Gift Deed and Affidavit both are required Documents.

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Amol Gopal Kabra (CA,CS,DISA) (Practicing CA) (8539 Points)
Replied 01 June 2009

Any special occasion is not required for taking gift. Gift can even be taken without any special occation. Further, there is no specific documentation with regards to the gift. The procedure is just handing over the gift (or the cheque in the current case.) However, in order to avoid future controversies, the parties are advised to make a gift deed. However, it is not compulsary.

However, In case of immovable properties, the property of Value Rs. 100/- or above can be transfered only through a gift deed. This is an exception to the statement given in the earlier paragraph.

Jitendra (Manager) (27 Points)
Replied 25 June 2009

Originally posted by :shail
"	I want to take gift from my father through cheque. what is the procedure for such gift? what documents are required for gift from father to son?Am i required to make affidavit for such gift of money through cheque?please describe any other document or procedure if required.	"

Ritasha (chartered accountant) (356 Points)
Replied 08 April 2010

What is procedure for making giftdeed.I need step by step procedure(stamp paper required,wording,registration formalities etc)

Plz reply

CA Himanshu Ahuja (on job) (76 Points)
Replied 10 June 2010

i m sending declaration and affidavid for GIFT

Attached File : 35 declaration of gift.doc downloaded: 1083 times

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CA Himanshu Ahuja (on job) (76 Points)
Replied 10 June 2010

affidavit for gift

Attached File : 25 affidavit.doc downloaded: 889 times

C.A Alok Mukherjee (service) (462 Points)
Replied 21 August 2012

Himanshu,

I am somehow confused what is the purpose of a declaration unless it is not legalised , as because the affidavit is a form of instruement which is legalised by the court of law.