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Sharad Sheth (Retired)     08 February 2012

Transfer of property in sisters name

My NRI brother has bought a house in Maharashtra in his wife'name as first holder and our widow sister as second holder.

1 Now they want to gift the same to our widow sister and transfer in her name

2 Weather it will attract new registration and liable for all duties as applicable in sale of property

or just a transfer of name

3 how it can be shown by our sister in her income tax return of the transfer is done

kindly give us lowest cost solution ,thanks



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