An HUF consisting of movable assets being Cash at Bank is going for full partition amongst its member. Whether any deed is required to be executed? If so, Whether any stamp duty to be paid on it if executed in Gujarat?
Menu
Partition of huf
Replies (2)
Yes. Dissolution deed.
Register at sub-registrar office, stamps may be around 500/- (it being state specific).
My post Partition of HUF : https://www.canirmalg.com/2017/04/22/partition-of-a-hindu-undivided-family/
Partition Deed may be prepared for Immoveable Property which usually attracts a lower rate of duty vis a vis Deed of Conveyance. Further Single Largest Share is excluded while computing Stamp Duty. Stamp Duty rates vary State / UT wise.
Recent Threads
- Gst rate and Sac code or RCM attract
- Poll: Do you spend > 30 min/day fixing Tally JSO
- Interest on Accident Claim by Minor
- Capital Gain and Basic Exemption Limit
- Loan to wife and interest income husband income or
- AOC-4 is not being filed
- Returning the shares gifted by daughter?
- Gst tax rate
- Accounting of Govt Grant in aid-Assam Tea Estate
- Utilizing Capital gains in new home construction
Related Threads
CAclubindia
