Legal Question in Real Estate Law in India

My father in his will made first nominee to his wife and after that to his three children, now my mother wants to distribute in her life as alive, pl guide what shall be the repercussion if she sold property at Chandigarh and distribute, whether capital gain and /or other tax will be imposed or not if yes how much and viable media to save tax, if no what to do and any other option for the benefit of the family,


Asked on 8/12/10, 9:47 pm

1 Answer from Attorneys
RAJIV GUPTA (Cell: +91 9811284735) [email protected]

your mother has an interest in the property for her life time and being a trustee, she cannot sell it off as the property is supposed to delve among the children after her death. however, only after going through the will, i will be able to give a concrete opinion.

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Answered on 8/12/10, 10:53 pm


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