HUF Dissolution
This query is : Resolved
28 March 2025
My query is on dissolution of huf the property divided n share given to co arcener. Now is stamp duty chargeablen 1% metro cess to be paid in Mumbai for same?
28 March 2025
Stamp duty is chargeable when a formal partition deed is executed, 2% in Maharashtra. However, if a family settlement is utilized instead, no stamp duty applies.
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28 March 2025
It is immovable property hence family settlement will not work i feel?
28 March 2025
Depends upon your requirement...
If property wished to be sold in near future it will work. Otherwise go for registered partition deed.
If property wished to be sold in near future it will work. Otherwise go for registered partition deed.
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