Results for #gift

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Answered on November 09, 2017
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  • The question is vague, if you have the title documents and do not have physical possession of the property and the same is with someone else, then you will have to file a civil suit for possession of the property on the basis of your title documents.

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    Answered on November 09, 2017
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  • Undivided interest in the property can be gifted, subject however that the same is not a residential house and is not given to a person who is not a family member.

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    Answered on November 09, 2017
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  • According to Section 56(2) of the Income Tax Act, the gift of flat received by your daughter shall be exempt, as it is a gift received from relative. On registering the gift deed the stamp duty and registration fees needs to be paid. There will be no gift tax on the said transaction.

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    Answered on November 09, 2017
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  • Yes, you can challenge the gift deed and also file a suit for partition to claim your share in the property and if the Gift Deed affects your share in the ancestral property.


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    Answered on November 09, 2017
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  • You can execute a power of attorney in favour of any of your family member to execute and register such gift deed. The power of attorney can be executed by you before the Indian Embassy in New Zeland and thereafter forwarded to India to pay stamp duty thereon post adjudication.

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    Answered on November 09, 2017
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  • Gift deed between blood relatives is permissible. Stamp duty on a Gift Deed between brother to brother would be 2% of the market value of the property and further 1% or Rs.30,000 whichever is lower as registration fees. The fees of the Advocate would depend from Advocate to Advocate and the other charges of the Sub-registrar would include scanning fees, etc., which will depend on the number of ...
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    Answered on November 09, 2017
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  • Once the Gift Deed is registered and if the flat in question was acquired by your father from his self earned, income, then your sibblings would not be entitled to claim any share in the property.

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    Answered on November 09, 2017
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  • Yes, you could always gift your share in the property to your wife and son and it makes no difference if the wife is already a joint owner. The same can be done by executing and registering a gift deed in favour of the wife and son.