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Mr.X died in an accident. His leagal heirs are his mother, his wife and his two major children. He purchased out of his own earnings in business during his life time a house and two shops in tamilnadu. Now his mother wants to transfer her unapportioned share to her daughter in law ( i.e., Mrs.X). Mr.X also have father , one brother and one sister. what mode whether release or gift of her share to be made to her daughter in law. Also applicable stamp duty and registration fee in tamilnadu for such transfer.
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Is executing amendment deed of partnership necessary to introduce fresh capital into partnership by existing partners without changing profit sharing rartio if the original deed of partnership says " Partners if so desire may take further investment of money in Firm either as loan or as Capital".
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Kindly let me know the stamp duty on gift deed tranfer of residential flat in Mumbai from brother to sister and mother to son ?
Is stamp duty mandatory in case of gift deed in MUMBAI?
Kindly guide the procedure .
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Dear Sir,
1. Please can any one let me know the stamp duty in Mumbai for a residential property from Mother to son and from brother to sister.
2. I had gone through the rates on some sites where it says it is Rs. 200/- only for gift deed between family members.
3. If it is from brother to sister it is 2 percent
4. Other than family members 3 percent.
Kindly clarify urgently if the above is correct.
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Hello All,
The partnership was formed with 2 partners when both partners were resident Indian citizens. The managing partner (and the one who brought in 90% of the capital) intends to go abroad possibly permanently, while the other partner will remain in India. Both partners will still remain Indian citizens.
So can the partnership carry on as earlier?
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A Non-Resident Indian (NRI) and a person residing in India form a private company in India. The NRI pays the subscription money in INR in India. Is this considered as Foreign Direct Investment (FDI), and is the transaction legal?
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Hi,
Some of us wanted to enter into a business partnership. All partners signed the deed and got it notarised. But there were no witnesses. Is the deed valid without any witness signatures? Will we face any problem in getting PAN. GST and other Government documents? Any help would be highly appreciated.
Regards
Rakesh
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Release/gift to daughter in law by mother in law