Who is owner of property
This query is : Resolved
18 September 2018
if father of age 50 years purchase a plot in his son's name & his son is of age 30 years and all payments done by father.
1.who is owner of that plot
2 if father wants to sold that plot can he sold that plot without approval of his son on whose name that plot is purchase
3.if that plot is sold who has to pay tds on that amount.
1.who is owner of that plot
2 if father wants to sold that plot can he sold that plot without approval of his son on whose name that plot is purchase
3.if that plot is sold who has to pay tds on that amount.
ALKESH T MEHTA
(Expert)
19 September 2018
1.Owner of the plot is son.
2.If father wants to sell that plot,same can be done by approval of son on whose name plot is purchased.
3.if that plot is sold son has to pay T.D.S.
2.If father wants to sell that plot,same can be done by approval of son on whose name plot is purchased.
3.if that plot is sold son has to pay T.D.S.
CA R SEETHARAMAN
(Expert)
19 September 2018
1 Son is the owner of the plot.
2 Father can't sell the plot.
3 Seller will deduct TDS from son's account.
2 Father can't sell the plot.
3 Seller will deduct TDS from son's account.
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