Kapil Sharma (Manager) 14 August 2019
G.L.N. Prasad (Retired employee.) 15 August 2019
Contact a local advocate and get a Gift deed from her.
P. Venu (Advocate) 15 August 2019
your mother can transfer the property to your wife through a gift deed.
Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108) 16 August 2019
1. Property Stands in Two names:
a) Yourself = 50%
b) Mother = 50%
2. Mother executes Registered Gift Deed, for her 50% share as follows:
a) to You = 25% (total with you will become 75%)
b) to Wife = 25%
3. You can claim ANY accuring benefits from property in Income Tax upto ratio of your 75%
4. Wife can claim ANY accuring benefits from property in Income Tax upto ratio of her 25%
Keep Smiling .... Hemant Agarwal
VISIT: www.chshelpforum.com