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HG   05 April 2021

Procedure and taxes applicable on property transfer

What is the procedure to transfer my mothers property ( house and agricultural land) to my wife's name? 

What would be the applicable taxes and stamp duty.........I am from Maharashtra



Quick Summary
This discussion explores the process and taxes involved in transferring property, specifically a house and agricultural land in Maharashtra, from a mother to a wife's name. The easiest method suggested is a gift deed, provided the mother is willing. The conversation also touches upon whether the transfer is for monetary consideration, love and affection, and the tax implications of a gift deed.

 2 Replies


(Guest)
Hey,
Easiest method would be to do a gift deed, if your mother is willing to do it. But, this transfer of property is happening based on some settlement that your wife/you would pay your mother some money in return or without any money just out of love and affection?

HG   08 April 2021

Is there any tax applicable in gift deed? 


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