Gift deed

Rajaram Bansode (Querist) 31 December 2015 This query is : Resolved
Whether gift deed is valid other than blood relationship

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Rajaram Bansode (Querist) 31 December 2015
Please give legal opinion

P. Venu (Expert) 31 December 2015
Please post the material facts.

Advocate. Arunagiri (Expert) 31 December 2015
Yes gift deed can be executed to a third party other than blood relations.

Only the stamp duty will differ. If you execute a gift deed in favour of a blood relative the stamp duty is less.

Adv. Yogen Kakade (Expert) 31 December 2015
It is valid.. provided that it is registered and parties are competent.

Kumar Doab (Expert) 31 December 2015
Agreed with experts.

Rajendra K Goyal (Expert) 05 January 2016
Gift can be to third parties also. Stamp duty differs and tax on gift may be applicable.

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