Sunday, May 21, 2006

Stamp Duty - Relinquishment of Right

No stamp duty will be paid in case a member of HUF relinquishes his right over a property in favour of another member of the same HUF. Such relinquishment should be on a Non Judiciary Stamp paper. The legal heirs of the Relinquishor should also accede the relinquishment. This transaction will not give rise to Capital Gains.

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