Transfer of Property

Dear Panchal,

I think Property can be transfered by transfering Power of Attorney in respect of the Property.

Secondly, I would suggest not to directly tranfer to the younger brother's Son, since nephew in not covered in the defination of relative hence Tranfer will be taxable in the hands of "Nephew"

Person should first tranfer in favor of his Brother & then His Brother should tranfer in favor of his son.

Mr.Panchal Piyush

Agree with Mr.Amir

What he suggested is an excellent tax planning because "brother's son does not come under relative"....

first transfer to brother and then to his son by him.....

You also refer the Stamp Act ....since some stamp duty is payable incase of transfer to relative(Stamp Act) also (i.e.Rs.10,000 or more not sure)....

Thank U Very Much