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Veekay-Veekay (Other)     16 October 2013

Duty on release deed

My father died intestate, leaving behind me and my sisters. Both my sisters are well settled outside India and will each be executing a release deed in my favour. 

Given that both my sisters are in the USA, can I have them sign the release deed and have it notarized along with their photo and send it to me. I will register those release deeds here in India (Tamil Nadu).

Would I have to pay duty on the property value that's being released by my sisters and if so what %?



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