Declaration of Gift of Money

Declaration of Gift of Money

I, A B C, of ___________, Indian Inhabitant, having address at ___________________________________ do hereby solemnly affirm, state and declare as under:-

1. I have my own funds which are my self-acquired property and/or otherwise exclusively belongs to me. A part of the same is lying in my bank account No. ___________________ with _______________________, _______________________ Branch.

2. Out of the said funds, I record having gifted a sum of Rs. __________/- (Rupees _____________________ only) to my son P Q R as under:-

Sr. No Date Cheque No. Drawn on Amount

1

2

3

4

Total

3.I record having gifted the above sum to my son P.Q.R. out of natural love and affection that I bear for him.

4. Since the date of said gift, I have no direct or indirect interest in the said sum and the same is now the absolute property of my son P. Q. R.

5. That this declaration is made by me of my own free will and accord and in a sound state of mind to make the record of the gift absolutely clear.

6. I am assessed to Income Tax by Assessing Officer ____________________ and my Permanent Account Number (PAN) with Income Tax Department is _______________.

Solemnly declared at __________ )

On this _______ day of _________ 200___ )

Before me;

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