Section 80u
This query is : Resolved
Jay P budhraja
(Querist)
07 August 2014
one of a member of my family is mentally retarded and using the
rebate of sec 80u now I want to make a gift deed from the members account to other family members so is it possible to do that
07 August 2014
on whom u want ot make gift deed?
Nikhil Kaushik
(Expert)
08 August 2014
a mentally regarded person shall not be considered competent to execute a gift deed. The relevant act you need to look into is transfer of property and contracts.
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