Important aspects of “Gift Deed” relating to immovable property especially when property bequeathed by senior citizens to their children

Very recently, a month back, the Honourable Madras High Court, while hearing a batch of petitions regarding cancellation of deeds – some of them filed by senior citizens passed a very significant order relating to senior citizens, when they bequeath their property to their children. The court while passing an order ruled that whenever senior citizen patents are bequeathing their property to their children by way of executing “gift deed”,Very recently, a month back, the Honourable Madras High Court, while hearing a batch of petitions regarding cancellation of deeds – some of them filed by senior citizens passed a very significant order relating to senior citizens, when they bequeath their property to their children. The court while passing an order ruled that whenever senior citizen patents are bequeathing their property to their children by way of executing “gift deed”,taxmann.com Latest ArticlesRead More

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