Gift deed for cash gift to father

Jai Yadav (Querist) 04 October 2012 This query is : Resolved
Respected Experts,

I, a tax payee, gifted around 50 thousands in cash and 2 lacs through cheques to my father in AY 2011-12.
(1) Was gift deed necessary in the above case ?
(2) Can a gift deed on plain paper serve the purpose ?
(3) Can a gift deed be made on current date for previous years ?

Thanks in advance

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ajay sethi (Expert) 04 October 2012
no gift deed is necessary .an affidavit would suffice . if you so desire have gift deed prepared on stamp paper .

Guest (Expert) 05 October 2012
Agree with Shri Sethi.

Jai Yadav (Querist) 05 October 2012
Thanks a lot to you both Mr. Sethi And Mr. Dhingra
Please clarify regarding the third question
Can a gift deed/affidavit be made on current date for the amount gifted in the year 2010 ?

Guest (Expert) 05 October 2012
You are welcome. About your present query, since that rertains to the year 2010 (two years back), whicy your previous query did not indicate, you can submit affidavit to the assessing officer when enquired about the source of income of your father, if already included in his return.

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