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Purchase of property in joint name

vsraj (administration) (100 Points)

01 May 2019  

I will be purchasing a Property (Flat) shortly out of my resources.  Can I include my wife as a Joint purchaser even though she is not having any Income.   One Financial consultant advises me that it can be done -  due to astrological reasons.   

Qn:1.   Will IT department accept this argument ?

      2.   In case of my death, will the property pass on to my wife automatically without any hitch?

 


 2 Replies

sandeep reddy (29 Points)
Replied 01 May 2019

yes

Genelia Fernandez (student) (260 Points)
Replied 02 May 2019

1. Yes.

2. Not without hitch, if other legal heirs have any objection. But for that you can make a WILL.

4 Like

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