Transfer of Property Act, 1882 · Chapter VII: Of Gifts
Section 124: Gift of existing and future property
In plain words
A gift of both existing and future property is void as to the future property. Only existing property can be gifted.
A simplified explanation, prepared with AI assistance from the official text below and checked automatically against it for numbers and cross-references. The official text is the law and prevails over this summary. Not legal advice.
Official text
A girt comprising both existing and future property is void as to the latter.
Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 15 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.