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Q. Gift deed in a jointly held property

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Anonymous

posted 1 month ago

Q.Gift deed in a jointly held property
What is the procedure for property transfer from son to father in a jointly held property with father? What are the tax implications?

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Shreyash Mohta

Experience: 1 Year(s)

Responded 1 month ago

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A. ) Take advise of a good CA.

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Kishan Dutt Kalaskar Retired Judge

Experience: 33 Year(s)

Responded 1 month ago

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A. ) Dear Sir,
Please consult Chartered Accountant in respect of Tax Liabilities however son can execute gift deed in favour of father or he can execute a Release Deed.

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Rameshwar Dadhe

Experience: 2 Year(s)

Responded 1 month ago

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A. ) Just go to the area Talathi office he will do it

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