Transfer of property to wife.

Querist : Anonymous (Querist) 09 October 2011 This query is : Resolved
Dear Experts,I have a House purchased by me from my own earnings in Haryana. Can I give it to my wife through Release Deed.

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Sailesh Kumar Shah (Expert) 09 October 2011
No, you have to execute gift deed.

Arun Kumar Bhagat (Expert) 09 October 2011
Gift deed.

Advocate M.Bhadra (Expert) 09 October 2011
Since the property is self acquired by you,so you can transfer the said property to your wife by way of Deed of Gift.

Raj Kumar Makkad (Expert) 09 October 2011
You can also transfer this property through collusive suit/consent decree by showing a family settlement.

Querist : Anonymous (Querist) 10 October 2011
Thanks to Shri Makkad sir & others for reply.

ESTHERPRIYA (Expert) 11 October 2011
You can give it by way of Settlement Deed

Sailesh Kumar Shah (Expert) 11 October 2011
Expert : ESTHERPRIYA

Please can you explain more about 'Settlement Deed' in given case.

Thanks
With Regards,

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