Transfer of immovable property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 December 2012
Can a mother transfer a residential house to her sons as a gift? Is there any stamp duty payable on the same? what is the applicability of gift tax?
06 December 2012
1. Yes a mother can transfer house property to her son.
2. If the house is to be registered in the name of the son, then stamp duty is applicable.
2. Gift tax has been abolished and no tax is applicable on such transfer.
2. If the house is to be registered in the name of the son, then stamp duty is applicable.
2. Gift tax has been abolished and no tax is applicable on such transfer.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- STCG FOR GOLD ETFs
- Specified Profession
- Suggestions required for income tax filing-software (FY 2025-26)
- GST ON DAMAGED GOODS
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
