Related to property gifting

As per Income tax act, all such transfers will be tax exempt, as the gifts from relatives are non-taxable u/s. 56(2) IT act.

BETTER YOU MAKE WILL AND LET THEM DEVIDE AFTER YOU.

appoint  the sole executor of  Will to do all that is necessary to administer and give full and complete effect to this Will as per YOUR wish.

TAX POINT OF VIEW 

The stamp duty on gift deed in Maharashtra is 3% of the property’s value, as per Article 34 of the Maharashtra Stamp Act. However, if the property is gifted within the family (to husband, wife, son, daughter, grandson, grand-daughter, or wife of a deceased son), the stamp duty is Rs 200 for residential or agricultural properties. This amendment was introduced in 2017.