Transfer of property within immediate family

Querist : Anonymous (Querist) 11 September 2017 This query is : Resolved
My family had formed a partnership firm in the 1980s and had bought a industrial gala under that name. namely XYZ Industries.
But since then and now, we have been filling income tax under his file only, treating XYZ Industries as a sole proprietory firm.
Would it be advisible to transfer the property into either my mother's or father's individual name ? XYZ Industries has no activity other than the rent it collects on the industrial property.

Would stamp duty, any other govt levy charges be applied in wanting to transfer the asset to either of my parents personal file ?

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Adv. Yogen Kakade (Expert) 11 September 2017
No reply to anonymous query...

Advocate Bhartesh goyal (Expert) 11 September 2017
Anonymous query....No reply.

Rajendra K Goyal (Expert) 11 September 2017
No reply to query from an author who is anonymous.

You can post the query in fresh thread with your identity and material facts.

R.K Nanda (Expert) 11 September 2017
no reply to anonymous query.

Guest (Expert) 11 September 2017
Take help of some local lawyer.

Kumar Doab (Expert) 11 September 2017
Aq,…………….so NO reply…

Kumar Doab (Expert) 11 September 2017
Pls post with your ID and you can get many replies………

Kumar Doab (Expert) 11 September 2017
The experts if ask for not replying to AQ, should themselves also not reply to AQ.

Kumar Doab (Expert) 11 September 2017
The flush of AQ might also be a tactics of unscrupulous entities and gangs loitering at LCI with multiple fake ID's including the ones that have face blackened/blacklisted/shunted out................ to advertise, gain publicity, allure unsuspecting querist as clients and fleece for FEE...................