Whether the gift is valid or not?
This query is : Resolved
06 June 2012
Dear friends ,
Mrs.X ownd a house. She gifted the house to her relatives by preparing the gift deed and paid the stamp duty on the same.At the time of transfering the property by the revenue authority claimed that this gift deed is void-ab -intio and the the tranfer of the property as gift can not be considered.
Wheteher the Claaimed made by the revenue authority is corrrect??
Is there any judgement relating to above case is found then kindly requested to refer the same.
I also want to know that is there any law relating to the Gift is prevailing ,if yes then kindly requested to give the name of the same.
Mrs.X ownd a house. She gifted the house to her relatives by preparing the gift deed and paid the stamp duty on the same.At the time of transfering the property by the revenue authority claimed that this gift deed is void-ab -intio and the the tranfer of the property as gift can not be considered.
Wheteher the Claaimed made by the revenue authority is corrrect??
Is there any judgement relating to above case is found then kindly requested to refer the same.
I also want to know that is there any law relating to the Gift is prevailing ,if yes then kindly requested to give the name of the same.
06 June 2012
Can you please explain that who was that relative to whom she transferred the assets
06 June 2012
Sure...
Assume the Family as below:
Mr.X and Mrs X ,they have not child.
Mr X has Four Brothers,Mr.A,B,C and D all are married.Mr.A has two Sons Z and Y.As Mrs X was living with Mr.A and the wives of Mr.Z and Y taking care of her,she has gifted the property in the Joint name of Mrs.Z and Y.
Assume the Family as below:
Mr.X and Mrs X ,they have not child.
Mr X has Four Brothers,Mr.A,B,C and D all are married.Mr.A has two Sons Z and Y.As Mrs X was living with Mr.A and the wives of Mr.Z and Y taking care of her,she has gifted the property in the Joint name of Mrs.Z and Y.
06 June 2012
Sure...
Assume the Family as below:
Mr.X and Mrs X ,they have not child.
Mr X has Four Brothers,Mr.A,B,C and D all are married.Mr.A has two Sons Z and Y.As Mrs X was living with Mr.A and the wives of Mr.Z and Y taking care of her,she has gifted the property in the Joint name of Mrs.Z and Y.
Assume the Family as below:
Mr.X and Mrs X ,they have not child.
Mr X has Four Brothers,Mr.A,B,C and D all are married.Mr.A has two Sons Z and Y.As Mrs X was living with Mr.A and the wives of Mr.Z and Y taking care of her,she has gifted the property in the Joint name of Mrs.Z and Y.
06 June 2012
Sure...
Assume the Family as below:
Mr.X and Mrs X ,they have not child.
Mr X has Four Brothers,Mr.A,B,C and D all are married.Mr.A has two Sons Z and Y.As Mrs X was living with Mr.A and the wives of Mr.Z and Y taking care of her,she has gifted the property in the Joint name of Mrs.Z and Y.
Assume the Family as below:
Mr.X and Mrs X ,they have not child.
Mr X has Four Brothers,Mr.A,B,C and D all are married.Mr.A has two Sons Z and Y.As Mrs X was living with Mr.A and the wives of Mr.Z and Y taking care of her,she has gifted the property in the Joint name of Mrs.Z and Y.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- TDS Deducted AY-2013-14 Not Reflected in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Eway bill not cancelled within 24 hous what can be due
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- UNWANTED CREDIT BALANCE OF GST AS PER BOOKS
- Eway bill generation from place other than registeted
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
