Aryan 09 March 2021

Commercial property and gift deed

Someone's father has a shop in Mumbai. Can he gift deed to her daughter? what is the procedure?

Quick Summary

This discussion addresses whether a father can gift a commercial property, specifically a shop in Mumbai, to his daughter through a gift deed. The Supreme Court has clarified that fathers can indeed gift ancestral immovable property to daughters, both at the time of marriage and afterwards. Furthermore, if the property is self-acquired, there are no restrictions on gifting it.

2 Replies

Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 09 March 2021

In a major judgement, the Supreme Court has ruled that a father can gift a reasonable portion of his ancestral immovable property to daughters at the time of their marriage or even long after their marriage.