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satish (self employed)     02 February 2011

Can Wife Execute Sale Deed in favor of her Husband

Can Wife Execute Sale Deed in favor of her Husband

Is it possible to execute Sale Deed by Wife to her Husband

If she executes will it be Treasured further



Learning

 7 Replies

shrikant chede (law officer)     02 February 2011

Yes ,As per Indian contract Act ,

1)There should be two parties to the Agreement

2)Both parties should be Major,sound mind

Ramesh (-)     02 February 2011

Why do you have to execute a sale deed, when she can execute a settlement deed in favour of her husband(at negligible costs)?

Bharatkumar (ADVOCATE )     02 February 2011

she gift / sale a 1/2 share of property to her husband and registered the document in registrar office.

Deekshitulu.V.S.R (B.Sc, B.L)     04 February 2011

Look at the difference between the cost of  the sale deed and thegift deed. Then decide

m.arunprakaash (advocate)     07 February 2011

why not, a person who is competent to enter into an agreement under section 10 of indian contract act 1872 can execute a contract.

m.arunprakaash (advocate)     07 February 2011

under section 11 of the indian contract act 1872

K S Narayana Rao (District Registrar)     05 March 2011

No objection sale deed between wife and husband.  But sale chageable at highest stamp duty no geft tax but capital gains, geft (settlement) lower rate of stamp duty chargeable but no capital gins, geft tax to IT department payable. Taking all the points and necessity you may enter any transaction.  At Sub Registrar Office or at IT department wife and husband will be treated as two parties or assesses.  good luch friend


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