In this video we have discussed about the Gift deed and the important Supreme court judgement. This video provides the detailed information about the gift deed like which property can be gifted and how can you cancel the gift deed and much more. To know the facts of the Supreme court judgement and the detail info of gift deed watch this video till end.
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Definition of Gift Deed:
Gift Deed is a legal document used to transfer ownership of assets or property from one person to another. This is a transfer of ownership without the exchange of money. The giver is called the "donor", and the receiver is called "donee".
Act and section used in this video are:
Section 122 & 123 of Transfer of Property Act,1882
Chapters
0:00-03:46 (Introduction)
03:47 (What property can be gifted?)
04:16 (Is it necessary to have a gift deed to gift immovable property?)
06:03 (Is it necessary to register the gift deed?)
06:33 (Is it necessary to have two witnesses in the gift deed?)
06:55 (Is it necessary to have signatures of the giver and the receiver on every page of the gift deed?)
08:01 (Is the acceptance of the gift taker necessary for giving a gift?)
08:44 (Is gift deed necessary for gift of movable property?)
10:13 (Can a gift be given jointly to two or more people?)
10:38 (Can gift deed be canceled?)
11:18 (Circumstances under which gift deed can be cancelled or revoked)
13:36 (Supreme Court Judgement)
17:49 (What are the valid conditions for gift?)
19:22 (What should include in a gift deed?)
20:15 (How much stamp duty will be charged for gift deed?)
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