Declaration of Assets
Querist : Anonymous
Do i still have to declare it?what if it it is for declaration to the government authority and my uncle does not have to do the same?
Because the flat belongs to your uncle and you have not paid anything for it.
The amount paid towards flat is being shown in his balance sheet already.
Querist : Anonymous
Do i still have to declare it?what if it it is for declaration to the government authority and my uncle does not have to do the same?
( Ye an-dar ki baat hai ).
Better take the property as a gift in your account and register the same in your name with the Sub-Registrar.
Meet immediately with one advocate who provides such services.
Querist : Anonymous
Querist : Anonymous
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Then it is not required to show it at all in your balance sheet.
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There is no problem at all if you don't show it.
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The purpose of declaration of assets to the Government is to know the sources how you got it.
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When your uncle will remain no more ( please don't take it otherwise ), then it will come automatically into your hands and other relatives cannot claim it.
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If you read the first part of my answer, then it was OK enough at that point. But thenafter you elaborated it. I presumed that your uncle is a government officer.
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See the following part of your query :
"Do i still have to declare it? what if it it is for declaration to the government authority and my uncle does not have to do the same?"
Hope now you are satisfied that there is no need to show it as your asset.
Querist : Anonymous
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