elGornmarkets Explore v ‘compared with using @ will nich isa much longer process. 1) The taxation for git deeds in being tax-free for both the donor end donee when in favour of defined relatives is alo beneficial, Typeot ee cit deed tobe made eqted Requre gnftesttorandaestes Reqs sign of enor ond otested Sgutwe _ fylwowinasce woven vesttor cence umeateraraeaccimae [Sitdendeenie asters cat Timingtor_rensteoassets happen oniyter rane of rset happen transfer of assets the death of testator immediately in ietime of donor Cchangeabilty Regietration Regietration ‘charge, Taxation \i.can be moaitieg or changed unt he testatoris alive immovable property ie transferred ‘stamp duty payable only when the wil Is tegistered Immovable property transfer is tax free in the hands of the hers. Capita {Gains toe lovied whon selling the property Cchatlengeable It can be challenged in Court of aw hregistratonis optional except where | (cit deed once executed cannot be revoked Rgistration le mandatory where |immovoble property igited to donee [stomp duty for registrtion may have to be incutrad but tie lower than normal stamp duty fo naninormatstome dey __| (lft tax ree in the hands ofboth {donor and the recipent (donee) it ‘macle to relatives as per certain terms and conditions laid down in Ise 56 of indian income Tax Act itis virally impossibie to {enationge in Court of taw Did you lke this unit? oo « mreius ie fas wos > eim sonase a tes . 28