Purchase of Land

Mahboob Ashraf (Querist) 27 August 2017 This query is : Resolved
A husband purchased a landed property of his wife saying that his wife was in need of money and she announced to sold a piece of land for her need and as such he purchased the said land from his wife. Whether it is right or wrong act of husband as per law.

Follow Query

Report Abuse

Ms.Usha Kapoor (Expert) 28 August 2017
A husband purchasing wife's land for a price is not sale and hence invalid. It's better he gifts cash instead to his wife to tide over her failing short of money or monetary necessity in order to make it legal.by even getting tax rebate as wife is a relative within the meaning of specified relatives under IT act 1961.

Rajendra K Goyal (Expert) 28 August 2017
Academic query.

State material facts of the problem if any.

How are you concerned / related with the query?

Looks like examination question.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now