Can a Karta of HUF transfer a property in his name to HUF as a gift? if yes then is there any requirement to make a gift deed? please provide format for same.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167973 Points)
Replied 22 June 2024
Transfer of property requires gift deed to be registered at Sub-registrar office. Stamp duty & registration charges payable.
After all that clubbing provision u/s. 64(2) IT act, remains intact.
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