My father, mother & myself are equal holders of a land. We have equal shares i.e. 1/3rd each.
Now my mother wants to release her shares & give to me.
Which is the better option of the two from Gift Deed & Release Deed.
Please advise which of these options cannot be challenged later by anyone in court & also advise the option which does have any income tax issues....
Please tell whether Gift Deed is to be chosen or whether Release Deed should be chosen ...Also is there any valid reason on documents while transferring the property share.
