I am a senior citizen sold my BDA plot and purchased a plot for my daughter nearby my residence in H S R L/O, Bangalore.I deposited long term capital gain amount in CG Scheme in SBI to get IT Exemption under sec 54/F.As per this section I am supposed to construct a house with in 3 years from the date of sale of plot. As CG amount is only 18 lakhs and my retirement savings deposited in FD in DHFL and Sri Guru Ragavendra sahakara bank is stuck due to irregularities -my married daughter is forced to apply for a home loan for house construction.Is it mandatory to transfer my plot in my name to my daughter's name to apply for home loan as well as for IT Exemption claim from her side.Will section 54F PERMITS this transfer thro a gift deed.Please advice
Thanks in advance
Dear Client,
As regards your query no.1) My father's brother wife has a done a gift in name of her only daughter. Is it valid? Ans:- No it is not valid. Until and unless an undivided ancestral propert...
Dear Sir,
You can file a suit for permanent injunction and restrain them from forcing you to close your shop if you have taken relevant licenses to run the shop from the local authority that is munici...
Dear Sir,
It is a disputed issue which has to be decided again by the Civil Court and you must seek cancellation of such judgment since you are in possession of regular Sale Deed before judgment was p...
Dear Sir,
It is a complicated issue. Now a days you cannot believe even the family members. If you go legally it will take years together. If there is possibility take possession of some part of the h...
Dear Sir,
You have to get issue a legal notice to remove co-owners name as it was only for name sake as there was no contribution from him. If builder did not do that then you have to approach Civil C...
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mr manjunatha
ANCESTRAL PROPERTY LEGAL HEIRS NOT COMING FORWARD FOR PARTITION
