Gift deed: required Or not?


This query is : Resolved 

Quick Summary
When a flat is purchased directly in a daughter's name, a separate gift deed is generally not required. The act of purchasing the property in her name effectively transfers ownership. Therefore, executing a gift deed at a later date is also unnecessary in this scenario.

16 December 2020 A person buys a flat in the name of her daughter. Is it necessary to execute a gift deed?
And, if yes, can a gift deed be executed at a date later than date of buying the property

17 December 2020 No gift deed required in such a case as purchase of flat is in the name of the daughter.

17 December 2020 Thank you for the resolution Sir

17 December 2020 You are welcome............


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query