Property on HUF Account’s name Property on HUF Account’s name

11 months ago

Hi, can we buy a property on HUF Account if the HUF Account does not have any income as of yet and its registered only a month before buying the property?
We are husband wife, members of the HUF.

Anik

Responded 11 months ago

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A.Hello,
As per the infromation you have given yes you can buy a property on the account of hindu undivided family.
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Vidhi Samaadhaan Vidhi Samaadhaan

Legal Counsel Vidhikarya

Responded 11 months ago

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A.Before buying the property of HUF you need to go through the property searching report as regards title of the property and its present status of encumbrance.
Reach out to an Advocate for guidance and steps.
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Vidhi Samaadhaan Vidhi Samaadhaan

Kishan Dutt Kalaskar

Responded 11 months ago

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A.Dear Sir,
You must go deep into its history and take legal opinion by producing relevant document as you are investing huge hard earned amounts.
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Vidhi Samaadhaan Vidhi Samaadhaan

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