Legal Question in Real Estate Law in

I wish to to give my flat in mumbai where we family lived for more than 25 years as gift to my son and move to my house which is bought four years back by taking housing loan from my bank in nearby place.

is there any gift tax or wealth tax applicable to me or my son.

please advise.

I am planing to to do the gift deed by paying stamp duty and transfer all the society papers in his name.

I have no idia about any gift tax, wealth tax or is it going to be a income to my son

so he has to pay any income tax etc etc.

What i know is that i have to do gift deed by paying stamp duty and transfer the share certificate in his name. please help.....Chandra


Asked on 7/29/10, 11:51 pm

1 Answer from Attorneys
Fahri Toga TOGA//OKSUZ

Dear contactor thank you for contacting us.

We have just received your message. For giving a precise and a detailed answer please send to us on the following e-mail address more information and the document regards this problem. We will be able and available to answer any of your questions. So if you will have any question please do not hesitate to contact us.

Not: [email protected]

Best regards and best wishes.

Attorney at Law

Fahri TOĞA

Read more
Answered on 7/30/10, 12:05 am


Related Questions & Answers

More Real Estate and Real Property questions and answers in