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Srinivas Bakki (Others)     19 February 2011

Property transfer between brothers

Hi, wanted to know the legal aspects of transferring property(land) between brothers. There is no sale done here. Its only a transfer. There are no problems between brothers. Are there any taxes imposed here ? 



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 2 Replies

M.Sheik Mohammed Ali (advocate)     19 February 2011

you may transfer as a partition deed, you must pay stamp duty

Srinivas Bakki (Others)     19 February 2011

Am sorry, i do not understand what a partition deed means. Please explain ? How much would be the stamp duty ?


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