DECLARATION OF GIFT RECEIVED FROM RELATIVE
Declaration recording a gift received from a relative, exempt under the proviso to section 56(2)(x) of the Income-tax Act, 1961.
I, [Donee Name], son/daughter of [Father's Name], holding PAN [PAN Number], residing at [Full Address], do hereby declare as under:
I hereby declare that I have received a gift of Rs. [Amount] / [Description of Property] from [Donor Name], holding PAN [Donor PAN], residing at [Donor Address], on [Date of Gift]. The said donor is my [Relationship - e.g., Father / Mother / Brother / Spouse], being a relative within the meaning of section 56(2)(x) of the Income-tax Act, 1961, and the gift is therefore not chargeable to tax in my hands.
I confirm that the gift has been given out of natural love and affection and without any consideration. The particulars stated above are true and correct.
[Signature of Donee]
[Name]
Place: [Place] Date: [DD/MM/YYYY]