Respected seniors,
I have 1 doubt.
"A" (big brother) gifted his ancestral property to "B" (his real younger brother).
Now "B" gifted the property to his wife which he got from "A" via gift deed.
Doubts -
1. can B gift the gifted property to his wife
2. Is there any cooling period (no. years) that we can't gift the gifted property and after that cooling period we can gift that property.
3. if there is any cooling period provision, what will be the consequences (penaly/jail) if any.
If B received the property through registered giftdeed then the property will be considered his self acquired property and B has every right to transfer the said property by gift,sale or bequeath to anyone.
