Legal Question in Civil Litigation in India
can a mother transfer immovable property to her son by way of a registered relinquishment deed to avoid heavy stamp duty as sale and gift deed attract heavy stamp duty ? OR is there any any other type of deed Settlement Deed ??? .please give details.
Asked on 8/17/10, 10:16 am
3 Answers from Attorneys
Prof.Somnath Mukherjee
s.mukherjee associates,09874053359
will or gift is the best process
Answered on 8/18/10, 9:58 am
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
I do not agree with the opinions given above. The family may rather execute a "DEED OF FAMILY SETTLEMENT" vide which the transfer of ownership rights may be recorded. Based on this deed, you may approach the authorities for change in ownership records. You may be able to avoid stamp duty as per law.
Answered on 8/19/10, 7:35 am
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