Share in property
This query is : Resolved
12 July 2025
Sir,
Someone please suggest
My wife had a share in her mother's property
Which was got registered by her brothers in their name. Now they agree to give her share.
Should we make gift deed or sharing agreement papers to save income tax.
Thanks
Someone please suggest
My wife had a share in her mother's property
Which was got registered by her brothers in their name. Now they agree to give her share.
Should we make gift deed or sharing agreement papers to save income tax.
Thanks
12 July 2025
Release Deed can be made, but LTCG based on the difference of purchased cost and today's circle rate will be applicable.
12 July 2025
but why would LTCG apply if they can just gift it?
12 July 2025
Thanks sir
If they agree on gift deed, then we don't have to pay on LTCG. So, gift deed is better option for taking money against share in property?
If they agree on gift deed, then we don't have to pay on LTCG. So, gift deed is better option for taking money against share in property?
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