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  • Gift Deed-Hindu Law

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    vakilarun
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    The document outlines the conditions for a valid gift deed under Hindu law. For a gift to be valid, acceptance by the donee must occur during the donor's lifetime. There must be no consideration, the gift can be of movable and/or immovable existing property, and it must be attested by at least two witnesses. While gifts can be made to minors, acceptance can be done by the father or guardian on their behalf. The Transfer of Property Act 1882 Sections 122-129 govern gift deeds, and registration and stamp duty are required only for immovable property gifts, not movable property gifts where delivery of the property is sufficient.

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    Gift Deed-hindu Law

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    The document outlines the conditions for a valid gift deed under Hindu law. For a gift to be valid, acceptance by the donee must occur during the donor's lifetime. There must be no consideration, the gift can be of movable and/or immovable existing property, and it must be attested by at least two witnesses. While gifts can be made to minors, acceptance can be done by the father or guardian on their behalf. The Transfer of Property Act 1882 Sections 122-129 govern gift deeds, and registration and stamp duty are required only for immovable property gifts, not movable property gifts where delivery of the property is sufficient.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as ppt, pdf, or txt
    347 views9 pages

    Gift Deed-Hindu Law

    Uploaded by

    vakilarun
    The document outlines the conditions for a valid gift deed under Hindu law. For a gift to be valid, acceptance by the donee must occur during the donor's lifetime. There must be no consideration, the gift can be of movable and/or immovable existing property, and it must be attested by at least two witnesses. While gifts can be made to minors, acceptance can be done by the father or guardian on their behalf. The Transfer of Property Act 1882 Sections 122-129 govern gift deeds, and registration and stamp duty are required only for immovable property gifts, not movable property gifts where delivery of the property is sufficient.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as ppt, pdf, or txt
    of 9

    GIFT DEED

    HINDU LAW

    CONDITIONS

    MUST BE VOLENTARY POSSESSION MUST BE ACCEPTED BY THE DONEE DURING THE LIFETIME OF THE DONOR IF DONEE DIES BEFORE ACCEPTANCE GIFT BECOMES VOID

    CONDITIONS

    NO CONSIDERATION MOVABLE AND/OR IMMOVABLE EXISTING PROPERTY ATTESTED BY AT LEAST TWO WITNESSESS

    CONDITIONS

    GIFT CAN BE MADE IN FAVOUR OF MINOR IT CAN BE ACCEPTED BY THE FATHER/GUARDIAN SECTION 11 OF THE INDIAN CONTRACTS ACT 1872 WILL NOT BE ATTRACTED

    PROVISIONS OF LAW

    TRANSFER OF PROPERTY ACT 1882 Sections 122 -129

    STAMP DUTY AND REGISTATION IMMOVABLE PROPERTY

    BOTH COMPULSORY

    MOVABLE PROPERTY

    DELIVERY OF THE PROPERTY IS SUFFICIENT


    NO REGISTRATION REQUIRED

    MYLAWHOUSE.IN mylawhouse@gmail.com mylawhouse@yahoo.com Ph:9833843250

    Thank You

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