property gifted to the Charities in terms of Gift Deeds by arguing that the gift as such is possible of an existing property only ... gift under the Transfer of Property Act , amount to gift under the Gift-tax Act because the concept of gift under the Gift
property gifted to the Charities in terms of Gift Deeds by arguing that the gift as such is possible of an existing property only ... gift
under the Transfer of Properly Act, amount to gift under the Gift-tax Act because the concept of gift under the Gift
Gajendra Singh, Etah vs Dcit, Central Circle, Ghaziabad on 10 October, 2022
IN THE INCOME
liable to be taxed under Section 2(xii) of the Gift-tax Act. The property of donor was effectively transferred to her two brothers ... impediments to postpone transfer to future. The declaration became effective immediately. The properties mentioned in the declaration and gifted to brothers, were not gifted
over properties post renunication, the declaration could be treated as a will and not a gift. Accordingly provisions of section 2(xii) of Gift ... impediments to postpone transfer to future. The declaration became effective immediately. The properties mentioned in the declaration and gifted to brothers, were not gifted
Gift is definitely a transfer of property. The mother law governing the
subject matter of transfer of property is Transfer of Property Act,
1882 . Section ... Transfer of property as the general law contemplates is the transfer of
both existing property and future property. But in a gift, the transfer
must
Gift is definitely a transfer of property. The mother law governing the
subject matter of transfer of property is Transfer of Property Act,
1882 . Section ... Transfer of property as the general law contemplates is the transfer of
both existing property and future property. But in a gift, the transfer
must
Gift is definitely a transfer of property. The mother
law governing the subject matter of transfer of property
is Transfer of Property ... Transfer of property as the general law contemplates
is the transfer of both existing property and future
property. But in a gift, the transfer must
gifted properties. Even though the gift deeds have provided that the gift-tax is payable by the donees, the primary liability to pay gift ... gifted properties. But as in this case where the properties have been gifted straightaway, the fact that at a future point of time, the donees
that the right to future profits is not property. This is a decision arising under the Gift-tax Act, 1958 , and the question was whether ... retirement of a partner, there is a gift by him of the future profits in favour of the continuing partners. As rightly pointed
