Tag: #Indian Contract Act

Gifted Property

Is it possible for parents to take back gifted property from their children?

August 17, 2019

By Abhay Shah, Realty Quarter The donor cannot revoke a gift of a property that is valid and accepted by a donee, other than in specific circumstances. We look at the feasible instances of a revocation. With many children choosing to leave India for work and the gradual disappearance of the common family system, it […]

Is it possible for parents to take back gifted property from their children?more
Property transfer

Things to know before transferring a property by Gift Deed or a Will.

July 3, 2019

By Abhay Shah, Realty Quarter Property transfer via a GIFT: When you want to pass a property so that the donee instantly enjoys the property, you can do this through a gift. Until you are qualified to contract, you can gift to anyone a self-acquired property in compliance with the Indian Contract Act. Anyone who is sound […]

Things to know before transferring a property by Gift Deed or a Will.more