GIFT DEED

[elephantdoctrine]

Hi,

So my father transferred funds in my account using multiple transactions. And my mother also transferred some funds using a single transaction. Do I need to get two separate gift deeds, affidavits and LOEs made now? Also, my dad used a combination of cheque and netbanking, is that okay?

Thanks!

 

[mail.srujan]

Hi, I am in similar situation now - how did you go about this? kindly help.

 

[WarHammer]

Hi,

So my father transferred funds in my account using multiple transactions. And my mother also transferred some funds using a single transaction. Do I need to get two separate gift deeds, affidavits and LOEs made now? Also, my dad used a combination of cheque and netbanking, is that okay?

Thanks!

A bit of a weird scenario. Gift deeds are usually funds sent in bulk or a single transaction.

Of course there is no hard and fast rule.
First off get the bank balance showing sufficient funds. Then get a notarized letter from your father and mother saying they gifted you the amount and also attach statements from your bank reflecting the same.

Also mention the same in a letter of explanation to be on the safe side.

I think this should suffice.

 

[elephantdoctrine]

Hi, I am in similar situation now - how did you go about this? kindly help.

Hello,
I ended up getting two separate gift deeds made and it worked out. Good luck!

 

[mail.srujan]

Hello,
I ended up getting two separate gift deeds made and it worked out. Good luck!

Thank you! Will do the same as well

 

[ZebaAli12]

Can you please help me my father gifted me money in form of cash that i deposited in my account in 3 transactions within a week.is it ok?

 

[mail.srujan]

Can you please help me my father gifted me money in form of cash that i deposited in my account in 3 transactions within a week.is it ok?

With cash transactions it will be hard for you to prove the point and case officer may not believe the source of funds in this situation. Now that the money is already in the account, this is a deadlock situation.

 

[Hanna6766]

Hi,

So my father transferred funds in my account using multiple transactions. And my mother also transferred some funds using a single transaction. Do I need to get two separate gift deeds, affidavits and LOEs made now? Also, my dad used a combination of cheque and netbanking, is that okay?

Thanks!

Hi.. i am also in a similar situation. I wanted to k ow how to show gift deed for FD as there is no transaction number or cheque number for that. It was directly made by my mother on my name from her account

 

[ZebaAli12]

With cash transactions it will be hard for you to prove the point and case officer may not believe the source of funds in this situation. Now that the money is already in the account, this is a deadlock situation.

Just to update, it worked for me i showed a gift deed and source of money from my fathers side inform of property sale. I got approval.