Is it necessary to registered gift deed if I want to gift money

545 votes

No, gift of money is not to be registered. As per the Registration act, only the gifts of immovable property have to be compulorily registered. In the present case, since you have gifted the money to your daughter, so you need not to get the gift deed for gifting the money to your daughter registered. But for instance if you want to gift the immovable property to your daughter, then in such case you will have to get the gift deed in favour of your daughter and then get it registered in favour of your daughter.

Advocate Siddharth Gupta LawRato

883 votes

yes deeds needs to registered. By the virtue of registration act gift comes under necessary part of registration. As far as the money is concerned the law needs to be checked as you will end up paying an extra amount for stamp. Advise for a better option can be discussed in length over in-person meeting

Advocate Nikhil Sharma LawRato