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William   17 December 2017

How to add wife's name to property

Hello, I own a property in maharashtra, I have bought 2 houses, now I want to add my wife's name to the title so that she can get tax benefit from it. Can anyone guide me on the same? Are there any pros and cons of it too?


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 5 Replies

Siddharth Srivastava (Advocate)     17 December 2017

You can make gift portion of property to your wife.

Sankaranarayanan (Advocate)     17 December 2017

Well suggestion was given by learned expert friend

 

William   17 December 2017

Thank you for your reply @ Mr. Srivastav, the reason I would like to put her name in tht title is so that she can get tax benefit. Do you suggest that me adding her name will help her get the tax benefit?

Kumar Doab (FIN)     17 December 2017

What kind of tax benefits are you aiming to get for your wife!

R.Ramachandran (Advocate)     18 December 2017

I do not know which tax benefit that you are talking about.

Please come with details.

Further, if you give gift, then you have to pay heavy stamp duty.  


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