House property

i inherited from father and we are 4 co-owners, me(24),my brother (17),my bhuwaji holding equal share (55yrs) and my mom (50yrs). Frds want to know APART from Individual File ANY OTHER WAY to open separate file as it could heavily save my taxes....is there any Pure way...pls note the property is still in my grandfather's name...pls help...thanks in advance.