Gift deed

Prashant Mehta (Querist) 06 August 2017 This query is : Resolved
Is it always mandatory to execute a gift and get it registered or notarized when gift is given to in blood relations and by way of account payee cheque ???

Please post your opinion with applicable sections and laws so that, it will be helpful to me to refer, thanks

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Rajendra K Goyal (Expert) 06 August 2017
Academic query.

State material facts of the problem if any.

How are you concerned / related with the query?

Looks like examination question.

P. Venu (Expert) 07 August 2017
Please post the facts and the real issue, if any.

Mohd Musabbir Ansari (Expert) 09 August 2017
Mr. Mehta
As per Indian Registration Act, gift of more than Rs. 100 must be registered if parties are Hindus as defined in Hindu Marriage Act.

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