your facts are silent as to the reason for the gift. please state that. if it is given during the marriage, u don't need a gift deed.
My father in law has gifted a sum of Rs. 6 Lacs to his daughter i.e. my wife by depositing both cash & cheque in her savings bank account. Do I need to prepare a gift deed in stamp paper . If required, is it required to be notarized. Also, what should be the format for the deed.Any other requirement? Kindly, advise.
Ask a question and receive multiple answers in one hour.
Lawyers are available now to answer your questions.
your facts are silent as to the reason for the gift. please state that. if it is given during the marriage, u don't need a gift deed.
Madam, The amount was gifted 5 years after marriage. As I am currently investing in an under construction property jointly with my wife, the gifted amount was used by my wife to finance one of the payment installment. Kindly advise on the requirement of a notarised/plain gift deed and any tax implication.