Yes, a jointly held property can be gifted to the other joint holder through a gift deed.
When a property is jointly held, both have their own rights over the property. In the same way, the ownership is transferred jointly through a gift deed. But the gift deed must be registered, and signed by the donor, donee and two witnesses.
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Can a jointly held property be gifted by one of the joint holder to the other ?
K K Murthy
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2022-09-12T11:52:22+00:00 2022-09-12T11:52:23+00:00Comment
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