Gift deed

KASINAGALINGAM S (Querist) 11 October 2011 This query is : Resolved
WHETHER A GIFT DEED WITH CONDITION PRECEDENT OR CONDITION SUBSEQUENT IS VALID?

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Shastri J.K. (Expert) 11 October 2011
No,it is not VALID.

Sankaranarayanan (Expert) 11 October 2011
yes i agreed with mr shastri,

ajay sethi (Expert) 11 October 2011
gift deed can be conditional for instance if gift is made in favour of wife and nephew then donor can impose condition that 2nd donee cnanot sell property as long as first donee ie wife is alive .

M.Sheik Mohammed Ali (Expert) 11 October 2011
yes, it must absolute only valid gift

KASINAGALINGAM S (Querist) 11 October 2011
SIRS, THANKS & REGARDS.

S. KASINAGALINGAM, B.B.A., B.G.L., (LL.B.)

Guest (Expert) 20 November 2011
Gift deed with conditions is not a gift and defeats the purpose of gifting.

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