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Answered on November 08, 2017
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  • If the said property is your ancestral property then the same is a property of HUF and you are co-owner to the same. However, if it is property of your father in his individual capacity then the most cost effective way is to make a gift deed and thereby transfer partial ownership as the gift so received will not taxable under the provisions of the Income Tax Act. The Stamp duty and registr...
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