Civil law & income tax
This query is : Resolved
15 November 2011
There are some inherited property and the same is not transferred / registerd among the faimily members.
One of the member wants to sell some portion of property . Can he do so ?
The purchaser wanted to pay some money to other members of family as a protection,so that the other member does not object to sale deed in future . How this money to be shown for I T purpose .
One of the member wants to sell some portion of property . Can he do so ?
The purchaser wanted to pay some money to other members of family as a protection,so that the other member does not object to sale deed in future . How this money to be shown for I T purpose .
18 November 2011
This kind of sale not possible until either property is distributed among all families member and then member either sale or do any action or seller have title dead on his name. according to Transfer of property act if property belong to inherent, each member have equal right on this property .
Without proper transfer of property ,no buddy have power to sell or mortgage of property . if so happen absolutely voidable in future
Without proper transfer of property ,no buddy have power to sell or mortgage of property . if so happen absolutely voidable in future
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- TDS on Purchase of Immovable Property by NRI from NRI
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- FORM 26A APPLICABILITY
- Annual return in Gst
- When TDS on GST applied
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
