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Gautam Gohil   05 September 2017

Gift deed for cash gifts

For giving cash gift to my wife and daughter, do I need to create a gift deed and then notarize it? Would there be any tax implications if I do not notarize?


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Siddharth Srivastava

Siddharth Srivastava (Advocate)     05 September 2017

Yes you shall be required to excite proper gift deed, have to get the gift deed registered, pay required stamp duty of 2 per cent. Tax complication will arise as it is a matter of cash. Sidharth 9811776422
Siddharth Srivastava

Siddharth Srivastava (Advocate)     05 September 2017

Yes you shall be required to excite proper gift deed, have to get the gift deed registered, pay required stamp duty of 2 per cent. Tax complication will arise as it is a matter of cash. Sidharth 9811776422
Moxit Shah

Moxit Shah   07 September 2017

yes you will be required to notarise the gift deed. 

Moxit Shah

9913945154


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