Civil

Querist : Anonymous (Querist) 21 August 2011 This query is : Resolved
which is easier and inexpensive ,1.to transfer immovable property to an existing educational trust ,or 2.by constituting new trust and settling land/property in favour of trust.

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Devajyoti Barman (Expert) 21 August 2011
Both needs the transfer of property attracting stamp duty. So choose any of the two.

Guest (Expert) 21 August 2011
both are equally expensive

M/s. Y-not legal services (Expert) 21 August 2011
Yes. Am agree with experts..

K.S.Srinivas (Expert) 21 August 2011
I agree with Mr.Barman.

prabhakar singh (Expert) 21 August 2011
no variance in cost for either of options.

Advocate. Arunagiri (Expert) 22 August 2011
Give the property as a gift, that will be less expensive.

R.Ramachandran (Expert) 22 August 2011
Even Gift will attract stamp duty (as applicable to conveyance) on the value of the property.

prabhakar singh (Expert) 22 August 2011
Yes Mr. R.Ramchandran is right " gift " attracts as much duty as a sale does,at least in UP.

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