A flat is jointly owned by my wife and me. I want to gift my share to my son. Explain the procedure for the same.
In future if there is any liability against me, can it be offset against this property and to what extent?
Deep Dang (officer) 17 October 2013
A flat is jointly owned by my wife and me. I want to gift my share to my son. Explain the procedure for the same.
In future if there is any liability against me, can it be offset against this property and to what extent?
Shantilal Pandya ( Advocate) 17 October 2013
if the transfer is held to be fraudulant ,the property in the hands of a gratuitous transferee would be bound by the debt of the transferer.
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