i have purchased an agricultural land in my name and of my doughter. I am 75 yr old, how can i transfer the title of entire land in name of my daughter without much tax or stamp duty etc.

Mihir Tanna |349 Answers |Ask -Follow

Tax Expert - Answered on Mar 17, 2023

Asked by Anonymous - Mar 14, 2023

i have purchased an agricultural land in my name and of my doughter. I am 75 yr old, how can i transfer the title of entire land in name of my daughter without much tax or stamp duty etc.

Ans: Asset transferred to daughter is considered as gift to relative and not chargeable to income tax.

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