Avoid property tax


Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
04 July 2012 Hi,

I am planning to buy my father's home thorugh home loan from nationalized Bank.

Is there any way to avoid buying property taxes (e.g. regisration tax and stamp duty)?

Is Power of Attorney work in this case?

Appreciate your valuable advise.

Thanks.

04 July 2012 If the property is owned by father, the same can be gifted and the stamp duty shall also be a meger amount of Rs.1100 to 1500.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
04 July 2012 Thanks for your advice.

Yes, it is very much owned by my father.

Is it possible to get home loan and having registered gift deed of the house.

How we can process with Bank regarding the same.

Could you please put more light on the same.

Thanks.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

G A R U D & Associates

New Delhi

CA Inter

View Details
Company
21 July 2026
Chartered Accountant

Keshri & Associates

Thiruvananthapuram

CA

View Details
Company
23 July 2026
Senior Accountant

Felicity Adobe LLP

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 11 July 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
11 July 2026
CA semi qualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details