can husband give the property to his wife for gift deed?


can husband give the property to his wife for gift deed?

Answers (1)


203 votes

Dear Querist
Yes the husband can gift property to his wife. In case it is ancestral property devolving on husband and if he gifts to wife it will be conveyance of property and Stamp Duty is playable. Tranferee if woman will get rebate in the rate of duty.

In case the property is self acquired and/or in joint name with wife, Relinquishment Deed can be made. In case of Relinquishment no Stamp Duty shall be payable.

Regards


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