Hi,
If 3 people (not blood relation) want to buy a property together, the registry needs to be in the name of one person.
However, if the principal and interest needs to be split into three (per mutual understanding), will it attract tax? If so, how do we minimise the impact?
Could you elaborate?
T R SOOD & CO
New Delhi
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SMJ global advisors pvt ltd
New Delhi
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Nashik
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