Receiving inheritance-explanation neededg

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Receiving inheritance-explanation neededg

We are 2 sisters.My father’s will is unregistered,but signed by 2 witnesses.He is no more.most of his his holdings are in 2 demat a/cs 1.with my sister as joint holder. 2.lone account with my sister as a nominee. The holdings in these 2 accounts hv been moved into my sister’s demat account.as a part of equalisation,she has to transfer some holdings from her demat account into mine. I hv to transfer afew shares to her demat account. From the tax point of view,what documents should i get made and notarised to reflect the transfer between the two of us? Regards.

Asked By: Anonymous 1 replies 0 helpful answers Last Updated: 10 months ago
  • Anonymous

    We are 2 sisters.My father’s will is unregistered,but signed by 2 witnesses.He is no more.most of his his holdings are in 2 demat a/cs 1.with my sister as joint holder. 2.lone account with my sister as a nominee. The holdings in these 2 accounts hv been moved into my sister’s demat account.as a part of equalisation,she has to transfer some holdings from her demat account into mine. I hv to transfer afew shares to her demat account. From the tax point of view,what documents should i get made and notarised to reflect the transfer between the two of us? Regards.

  • Profile photo of Chetan ChandakChetan Chandak
    Moderator

    Actually it is a transfer by your sister to  you that too as a gift so the transfer voucher should be sufficient or it will be better if you can get a gift deed from her.

    Else you both can prepare a family settlement deed where both of you can sign.

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