Q1. Can Father gift immovable Property into his Son's HUF?
If Yes, what are the liabilities for the following...
1. Taxation for the Gift at the hands of Donor and Donee
2. Stamp Duty/Registration charges for the Gift deed for the immovable property (within Mumbai)
Q2. In the future, can the immovable property be gifted back from Son's HUF to iys member I.e. Son?
If Yes, what are the liabilities for the following...
1. Taxation for the Gift at the hands of Donor and Donee
2. Stamp Duty/Registration charges for the Gift deed for the immovable property (within Mumbai)
Kindly provide the insight and information for assisting in making an informed decision.
Appreciate your support!!!!
CAclubindia
