My father died 4 yrs back without will. Now , all self acquired properties of my father got divided
25-Jun-2023 (In Property Law)
My father died 4 yrs back without will. Now , all self acquired properties of my father got divided 1/3. But, i don't want property because of some disputes with my wife. I also didn't have any children. Can i make gift deed to my mother's name?
Yes! You’re free to make this move. Execute a gift deed in favour of your mother and by this move, all the self acquired properties which you have inherited from your father, will pass on to your mother.
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How do I transfer my flat from my son to my mother?
You can gift immovable property by drafting a deed, having it attested by 2 witnesses and registering it at the registrar’s office. The Registration Act of 1908 stipulates that the transfer of immovable property must be registered. Otherwise, it will become invalid. 24-Aug-2023
Can a son give money to his mother?
Answer- Yes, a daughter or son may give a gift to a mother or father. The section 56(2)(x), which applies to money or property that is received by a relative, does not apply.
Can my uncle gift me property?
Owners of immovable properties can give them to relatives or third parties. Gifts are only valid if they are made freely and without any consideration. 06-Oct-2023
Is property gift from parents taxable?
If you receive cash or gifts up to Rs. You do not need to pay gift tax if you receive gifts or cash up to Rs. If you receive a gift from your parents or spouse, your siblings, your in-laws or any other relatives, such as your close family, then there is no tax obligation.
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Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
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