Legal Question in Investment Law in India
will/gift
My inlaws want to give a house to their daughter. Let us know which proceedure is beneficial & less cumbersome , making a will/ or giving it as gift? which have more tax applicable?
Asked on 3/22/09, 11:10 pm
1 Answer from Attorneys
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
Re: will/gift
Making a Will may be easier and may not attract any tax liability. A gift deed may require registration and payment of stamp duty.
Answered on 3/23/09, 8:03 am
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