Legal Question in Tax Law in India

Gift

When a daughter gifts money to her father can she issue a cheque in favour of her father or is it compulsory for her to make a written declaration(on plain paper or on non-judicial stamp paper)?

If the savings a/c is 'Either or Survivor' type and the daughter is 1st holder & her father is 2nd holder,then can her father sign the cheque by which the daughter is making a gift in favour of her mother?


Asked on 6/26/01, 4:11 am

1 Answer from Attorneys
Satish Maheshwari Vakilbabu

Re: Gift

Dear Friend,

I am sorry, but as a matter of practise, we do not reply to queries from the persons, who do not give their complete details, nor to the persons not directly affected by the problem under the query. We also do not give any citations to the seekers.

Therefore we request you to send your query only through the query form at the Free legal advice pages of the vakilbabu website at http://www.vakilbabu.com quoting the reference LawGuru.com.

We believe you shall understand.

Warm regards

Satish Maheshwari.

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Answered on 7/08/01, 4:30 pm


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