A gift of immovable property is normally effected by a gift deed and not through a pre-printed transfer form. Therefore, it would be advisable for your uncle to execute a gift deed.

You can decide on the form of the document (i.e., whether it should be by way of a deed of gift or a release deed) depending upon the stamp laws of the state where the flat is located.

The 2005 “will” was not a gift deed. And Elvira clearly did not have the requisite capacity to sign the 2009 Warranty Deed. Could Irma and husband recover their improvements? No, thank goodness.

Gift If you opt for gifting, you are part of the transfer process that will be done in your presence it. "It reduces the chances of dispute amongst legal heirs. The Senior Citizen Act allows ...

While it is important to declare any cash gift received from parents in ITR, the recipients of such gift should also execute a Gift Deed on Stamp Paper, if it involves a large amount. This Gift ...