Mr.A has gifted by way of cheque a sum of Rs.6,50,000/= to his mother Mrs.B out of natural love and affection. The transaction is reflected in bank pass book of both Mr.A and Mrs.B and also in the balance sheets which were filed along with their respective returns.
Is it necessary and / or mandatory to affirm an Affidavit by Mr.A that he has indeed gifted the aforesaid sum of money to Mrs.B?
If it is mandatory then kindly mention the section and / or statue which makes such affirmation of Affidavit mandatory.
