nelson (customer service) 03 February 2011

GIFT OR LAND TRANSFER

AS WE ARE OUT OF COUNTRY WE TRANSFERED THE PROPERTY IN MY WIFE BROTHER NAME NOW WE WANT TO SELL THE PROPERTY

CAN MY WIFE BROTHER SELL THE LAND AND DEPOSIT THE MONEY IN MY WIFE NAME IN INDIA A/C AND WHAT WILL WE REQUIRE TO SHOW THAT THE MONEY WE DEPOSIT WAS FROM THE LAND WE SOLD

OR IS IT POSSIBLE THAT MY WIFE BROTHER GIFT THE MONEY TO HER SISTER

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3 Replies

A V Vishal (Advocate) 03 February 2011

Let your brother-in-law gift the amount to your wife.

nelson (customer service) 03 February 2011

BUT WHAT ABOUT INCOME TAX AND WHAT DOCOMENT WILL I HAVE TO SHOW AS THE PROPERTY IS WORTH RS 2 CRORE

Bharatkumar (ADVOCATE ) 03 February 2011

Your wife appoint a power of attorney person like byour rother - in - law by Power of Attorney for only sing in the document of Agreement for Sale and Sale Deed etc. as per requirement of registrar office. Then he sell this property and the payment receive your wife name is mention in sale deed then u deposit these amout in your wife a/c.