HUF Dissolution

This query is : Resolved 

28 March 2025 My query is on dissolution of huf the property divided n share given to co arcener. Now is stamp duty chargeablen 1% metro cess to be paid in Mumbai for same?

28 March 2025 Stamp duty is chargeable when a formal partition deed is executed, 2% in Maharashtra. However, if a family settlement is utilized instead, no stamp duty applies.

28 March 2025 It is immovable property hence family settlement will not work i feel?

28 March 2025 Depends upon your requirement...
If property wished to be sold in near future it will work. Otherwise go for registered partition deed.

30 September 2025 Good luck....


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