https://www.taxtmi.com/article/detailed?id=8279 A gift is a voluntary transfer of existing movable or immovable property without consideration, requiring acceptance by or on behalf of the donee; immovable transfers must be by registered instrument attested by two witnesses, movables by registered instrument or delivery. Execution of a registered gift deed together with acceptance and delivery completes the gift and vests absolute ownership in the donee. Conditional gifts, retention of possession by the donor, absence of acceptance during the donor's lifetime, transfer of future property, or reservation of revocability affect completeness or render parts void. en-us Sat, 08 Dec 2018 06:32:58 +0530 Sat, 08 Dec 2018 06:32:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8279 A gift is a voluntary transfer of existing movable or immovable property without consideration, requiring acceptance by or on behalf of the donee; immovable transfers must be by registered instrument attested by two witnesses, movables by registered instrument or delivery. Execution of a registered gift deed together with acceptance and delivery completes the gift and vests absolute ownership in the donee. Conditional gifts, retention of possession by the donor, absence of acceptance during the donor's lifetime, transfer of future property, or reservation of revocability affect completeness or render parts void. Articles Other Topics Sat, 08 Dec 2018 06:32:58 +0530 https://www.taxtmi.com/article/detailed?id=8279