Transfer Flat to Brother (Tax Compliance)
This query is : Resolved
Quick Summary
Arvind Mishra
(Querist)
27 February 2024
Dear Sir,
I had one Flat(i.e. at virar) on Joint name 1st my name and 2nd father name, now i want to transfer this flat on my brother name with out any consideration.
Please guide quires as follows:
1) Any Tax need to pay on the same of property ( even i have not taken any money)
2) whether any stamp duty need to pay on this type of property Transfer to blood relation person.
3) which type of agreement need to made for the same type property transfer.
Thanks
I had one Flat(i.e. at virar) on Joint name 1st my name and 2nd father name, now i want to transfer this flat on my brother name with out any consideration.
Please guide quires as follows:
1) Any Tax need to pay on the same of property ( even i have not taken any money)
2) whether any stamp duty need to pay on this type of property Transfer to blood relation person.
3) which type of agreement need to made for the same type property transfer.
Thanks
Dhirajlal Rambhia
(Expert)
11 May 2024
Prepare Gift deed.... No Income tax liability, while stamp duty will be at concessional rate.
Dhirajlal Rambhia
(Expert)
09 September 2024
Good Luck.
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