We have a land in my mother’s name. Me and my brother want to construct a house there. But we came to know that income tax benefit cant be claimed if we (me and my brother)are not co-owners. So, I want to know the best cost effective and legal way to transfer the ownership to our name.
My friends say that the daughter is the sole legal hire of the property of her mother and the sons do not have any share. Is it true?
My aunt (living in India) wants to sell her land and give the received money to her sons. Is there any tax applicable in this case?If yes, then for whom, mother or sons?
I want to save for my child’s education. How much can i save if i start saving now?
Is there any tax liability on me? if yes, what action can i take now?
I am very confused whether to get an insurance and invest in MF under SIP. i have already have some insurance around Rs.3 lakhs. so what shall i do now. invest in mutual fund or purchase an insurance? if insurance suggest me a good insurance plan and if investment suggest any best fund….