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Bhaskar for SOCIAL JUSTICE (Legal & Social Activist)     31 October 2012

Gift of flat to minor child

Dear Experts,

Can someone through some light whether flat can be gifted to only minor son of single father (mother already expired).

What is the procedure and charges in Delhi ?

Is income tax payable on such gift ?

Who will act as a guardian or manager of gifted property during minority of child ?

Please advise.

 

tx and regards



Learning

 2 Replies

K. GOPALAKRISHNAN (ADVOCATE)     31 October 2012

Relaship between the minor child and the donor?

Who is the owner of the property to be gifted?

What is the age of the minor child?

Value of the property to be gifted?

Bhaskar for SOCIAL JUSTICE (Legal & Social Activist)     01 November 2012

 

dear Sir details are as under

 

Relaship between the minor child and the donor?

 

Father and son

 

Who is the owner of the property to be gifted?

 

Father

 

What is the age of the minor child?

 

12 years

 

Value of the property to be gifted?

 
About Rs. 60 lacs
 
tx and regards
 

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