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GIFT DEED BY THE PARTNERS

This query is : Resolved 
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(Querist)
30 May 2023 ASSET WAS PURCHASED IN THE NAME OF PARTNERSHIP FIRM. HUSBAND AND WIFE ARE THE ONLY TWO PARTNERS. CAN THE ASSET BE TRANSFERED AS A GIFT TO THEIR SON ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
30 May 2023 Transfer it to one of the partner and then gift to son.
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