Sometimes, we give Gifts, or Receive Gift.

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If the Gift is of a significant amount, then proper documentation is very important.

See this video to understand the recommended documentation for Receipt of Gift, and using that in purchase or property, or Share investments etc.

Or similarly getting or giving loan to Son or Daughter.

Shot at Hotel Effotel, by Sayanji, at Indore, Madhya Pradesh

 

 

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