AFFIDAVIT IN RESPECT OF GIFT OF MONEY

As per Income Tax Act 1961 , the gift received from relative is an exempt income and hence for proof of document we need to provide certain documents to validate the authenticity of the statement , one of the document is affidavit sworn by relative in respect of that payment.

AFFIDAVIT IN RESPECT OF GIFT OF MONEY

This Affidavit executed on this_______________day of _________________ Two Thousand ___________ by Jaspreet Kaur D/o of Amarjit Singh Toor, residing at for ____________________________________ S/o Amarjit Singh Toor herein referred to as brother , residing at______________________________________________________ .

NOW THIS AFFIDAVIT IS WITNESSED THAT

(a) That I’m sister of ___________________________________

(b) That I’m is absolutely possessed of sum of money and which are his self-acquired and/or owned property.

(c) That In consideration of natural love and affection which the I bear towards my brother ____________________________________ and out of my own free will and accord has made a gift by way of transfer of money of Rs. /- (Rupees _____________________only) via baking transactions on different dates mentioned in Schedule below .

and

(d) The fact of the said gift is recorded herein.

FURTHER THIS AFFIDAVIT WITNESSETH THAT for effectuating the aforesaid desire and in consideration of natural love and affection which I bear towards my brother, do hereby grant, transfer, convey and assign by way of gift a sum of ________________________________________ /- (Rupees only) as described in the Schedule hereunder written to hold the same unto and to the exclusive ownership and use of my brother , ____________________________________ , forever absolutely AND I doth hereby represent, warrant and covenant with my brother ,I’ve good right, full power and absolute authority to pay and gift the said amount and to the use of my brother in the manner aforesaid AND IT IS DECLARED AND CONFIRMED THAT ____________________________________ has become the absolute owner of the said amount of Rs. ________________ _/- (Rupees only) and I’ve ceasedto have any beneficial right, title or interest in the same.

IN WITNESS WHEREOF THE JASPREET KAUR HAVING GIFTED ____________________________________ HAVING ACCEPTED OF THE SAID GIFT, HAVE PUT HER RESPECTIVE HAND THE DAY AND YEAR HEREINABOVE WRITTEN.

SCHEDULE ABOVE REFERRED TO:

(amounts paid by theby way of GIFT)

Sr.No

Date

Cheque /Txn No

Drawn on

Amount

1

2

SIGNED AND DELIVERED BY THE WITHIN NAMED

_______________________________________.

WITNESSES;

1.

2.