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Anonymous (Consultant)     05 October 2012

Gift deed

Can a home loan be transferred by a gift deed? Mother wants to transfer a house to son by way of gift. The house has a loan on it. Can the bank transfer the loan to the son on the basis of the gift deed? If so, will there be tax issues?


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A.SUMATHY 9380902017

A.SUMATHY 9380902017 (LAWYER)     05 October 2012

if you are eligible loan, bank will tranfer the loan so approach bank people.


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