Property Exchange deed details Property Exchange deed details

5 years ago

My Father and my Uncle (My father's cousin sister husband) are exchanging property through Exchange deed. Can me and my brother be part of this Exchange deed. The property that comes to my father, can it be registered for three members (my father, my brother and me). Will there be any tax
implications for me and my brother in this regard. The properties exchanged are all most equal in value.

niranjan C

Responded 5 years ago

A.1. You and your brother can be part of the deed.

2. The property can be registered on 3 members that you mentioned.

3. Wrt. tax implications, pls share the documents to the lawyer and get opinion.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Kishan Dutt Kalaskar

Responded 5 years ago

View All Answers
A.You can be parties.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Johnson Thangiah

Responded 5 years ago

A.Sir,
The documents scrutinizing is necessary for question.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Nirmal Chopra

Responded 5 years ago

A.For correct opinion take opinion through Vidhikarya advocate by producing all relevant documents.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Read Related Answers

question iconAgriculture Land Purchased in Gujarat from Non-Farmer Seller
Dear Sir, Please consult local advocate who is well acquainted with local laws particularly revenue laws otherwise you may be mislead.
question iconRegistered legal entity as nominee of chs flat Mumbai
Dear Sir, Registered legal entity may be nominated but it cannot sell the property after the death of such title owner and it goes to the legal heirs of title owners unless the legal entity get Gift D...
question iconSc st land purchase by obc mp dist narmdapuram
Dear Client, Section 42 of the SC, ST Act, 1989 prohibits the sale of SC land without approval. This law was enacted to protect the interests of the SC/ST tribe. However, you can acquire SC/ST land b...
question iconProperty share
Dear Sir, Under the Muslim law, there are three classes of heirs • SHARERS, they are entitled to a prescribed share of the inheritance. In case of a man’s property, his wife/wives are the sharers of...
question iconHiring of professionals as executor of a will
Dear Sir, Yes, the payment to the executor starts only after the death of testator of the Will and not earlier to it.