Results for #ancestral

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Answered on November 09, 2017
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  • You could gift the Flat to your daughter, if your two sons agree and can join them as confirming parties in such gift deed. However, if they object for such gifting of the flat in view of their having paid monies to you for acquiring the flat, then it will depend on whether such monies were given as loan or whether the same were paid to the seller at the time of acquiring such flat.


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    Answered on November 09, 2017
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  • You can file a suit for partition of the ancestral property in a Civil Court, if the property cannot be divided by metes and bounds, then the same can be sold and the proceeds of such sale can be distributed between all the parties in proportion to their respective shares in the ancestral property.

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    Answered on November 09, 2017
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  • Yes, you can challenge the gift deed and also file a suit for partition to claim your share in the property and if the Gift Deed affects your share in the ancestral property.


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    Answered on November 09, 2017
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  • One son cannot demand more share in the property merely because he is the elder son. The law does not grant any additional rights in property to the elder son and in the case of intestate succession to property, all sons will have equal share in the property.

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    Answered on November 09, 2017
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  • If the said property is your ancestral property then the same is a property of HUF and you are co-owner to the same. However, if it is property of your father in his individual capacity then the most cost effective way is to make a gift deed and thereby transfer partial ownership as the gift so received will not taxable under the provisions of the Income Tax Act. The Stamp duty and registr...
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