Choosehome
This deed attracts capital gains tax but only on the portion of the property that is relinquished, offered a consideration is paid. A property said to be transferred by Will only after the demise of the proprietor of the property. However, after the death, the successor wants to use to the involved civil authorities with the copy of the Will, succession certificates and demise certificate for finishing the property transfer process. Unlike other modes of transfer, property transfer through Will might take longer time. Further, keep in mind that, presents in India generally fall underneath the scrutiny of the tax department and, subsequently, it is advisable to not only to maintain documentation but also register the reward deed. Owning a home means many issues — a roof over your head, an asset whose worth may increase over time and a legacy that you could cross on to your close to … Read More