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K S SHYAM SUNDER (PROPR.)     15 January 2014

Sale of ancestral property by legal heirs after death of own

DEAR SIR

SUB-SALE OF ANCESTRAL PROPERTY.

PLEASE SEE ATTACHMENT ON CAPTIONED SUBJECT



 1 Replies

T. Kalaiselvan, Advocate (Advocate)     15 January 2014

WE WOULD NOW REQUEST YOU TO GUIDE US IN THE LEGAL MODALITIES IN EXECUTING THE ABOVE SALE AND ESPECIALLY IN THE FOLLOWING MATTER:-

1.      WHAT ARE THE DOCUMENTS REQUIRED FOR LEGALLY SELLING THE PROPERTY ( LIKE SUCCESSION CERT, LEGAL HEIR CERT, PROBATE etc.)

If you have decided to sell the properties as per Will, the Will has to be probated through a District court of your jurisdiction, or if you have decided to dispose the same jointly on the basis oflegal heirs, a legal heirship certificate is required. 

2.      WHAT IS THE PROCEDURE FOR PROCURING OR OBTAINING THE SAME

You have to apply for legal heirship certificate through the local Tahsildar

 

 

3.    NONE OF US ARE TAX ASSESSEES, EMPLOYED OR HAVE ANY OTHER MEANS OR SOURCE OF INCOME FOR MAINTAINING OURSELVES. WE WOULD REQUEST YOU TO PLEASE THROW SOME LIGHT ON THE TAXATION PART WHICH MAY ARISE ON ACCOUNT OF THE PROPOSED SALE.

You do not have to be a tax assessee for selling this property neither you have to pay any tax after selling it.

4.    ORIGINAL DOCUMENTS WHICH ARE PRESENTLY AVAILABLE WITH US-LIKE KHATA,SALE DEED etc.

5.      ANY OTHER RELEVANT ISSUE IN THIS CASE THAT NEEDS TO BE OBSERVED. Nothing, this will be sufficient.


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