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applicability of gift tax

(Querist) 30 November 2009 This query is : Resolved 
Mrs. A is the owner of the immoveable property and the agreement is duly registered.
She wants to part away 50% of the property to her father and the said 50% of the property will be in joint names of Mrs. A & her father. Following is the query:-
(1) whether gift tax is applicable ?
(2) whether a fresh agreement will be required and also whether it should be registered ?
(3) any other query connected with the above matter.

P.R. DHRUVA
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A V Vishal (Expert) 30 November 2009
Already answered
Raj Kumar Makkad (Expert) 30 November 2009
repeated quarry
Vineet (Expert) 12 December 2009
No gift tax or any other tax in hands of either party.

A registered gift deed needs to be exceuted.

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