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Section 80u

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(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
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
07 August 2014 on whom u want ot make gift deed?
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Nikhil Kaushik

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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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