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Anand Saraf (TEXTILE EXPORTER)     22 April 2017

Transfer of residential property on dissolution of partnership firm

Partnership firm in Mumbai with partner A,B & C is owner of 3 residential property

All partners are blood relatives.

On dissolution of partnership firm can these 3 properties can be transferred to partners individually. (one property to A, one to B and one to C)

If yes.

Will there be stamp duty payments as partners are blood relatives and as per new law transfer of property to blood relative does not have stamp duty.

Please guide.



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