Exclusive HOLI Discounts!
Get Courses and Combos at Upto 50% OFF!
Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More


(Guest)

Legal status of property

My father made a will in 1966 in which he gave all his property to his wife . In 1974 he purchased land, after selling his ancestral property. He at the same time took a legal opinion and declared this property as HUF in the namer of his family consisting of himself, his wife and 4 minor children. this was given to LIC to obtain a house loan . he made a house on this property . in 1977-1978 he filed his income tax returns as HUF in the name of himself and his sons. in 1979 he died and the khata of the property was tranferred to his wife . F rom 1994-2004 his wife filed her income tax returns as HUF and she also filed  HUF returns in the name of her 2 sons and two daughters. in 2004 her elder son expired and she started filing her returns as an individual withoutr obtaining the consent all huf members..My family consists of my daughter and wife. In 2011 she disposed the property.My questions are the following :

1.Will the division of property be as per HUF or non HUF ?

2.Who all are entitled to a share in this property ?

3.Who all  would sign the sale deed ,the property is situted in banglore ?



Learning

 1 Replies


(Guest)
Originally posted by :anju bains
"
 
 

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register