I am living in Pune with my mother, after father’s death i wants to change resident flat ownership to my mother for the same, what procedure i have to follow in details ???
The property in in motherinlaw’s name, i want to construct a house on first floor, Can i get home loan?? if so, what are the options, she has only two daughters.
* My Question is that whether this purchase is possible.
* Can I able to get the Tax benifit from the Home Loan?
Would the annual sum of Rs 1,20,000 be exempted from my income tax? What are the formalities for the same?
The property has no patta
Meaning she has one flat…she wants both her sons to have share…but doesn’t want to sell off the flat. So can one of the son buy the property at half value. what are the implications from stamp duty and income tax angle??
Father died without a will .Does the ownership of the property automatically devolve to my mother or do the children also become part owners through inheritance.
So legally my mother-in-law and her brother owns the property. Now, if my mother-in-law does not give the property rights to her brother and dies before that, then the property will be transferred to my husband. My question is, will I or my daughter have any right in the same? Can my mother-in-law’s brother pass it on or sell it without our consent? To sell it off, who’s signature is required?
This is urgent and very important. pls help
We have invested amount received after my father’s death in mutual funds, co-op bank fds and stock market. Do i need to file tax return on a yearly basis. The amount we have invested is proceeds received out of gratuity, provident fund, personal provident fund and national saving scheme. Please advice.
I have invested in mutual funds in India, but it is getting hard to manage them, So if I were to transfer them to my mother, what tax/procedural implication should I be aware of?
Thank you in advance.