Legal Question in Real Estate Law in India
ownership.
Since long I have shown a property as my own in my income- tax returns.Whether this is a sufficient proof of my ownership over the property in a civil suit 4 ownership? However, in the suit I am NOT in a position to prove as to from where/which source/income I perchased the same.
4 Answers from Attorneys
Re: ownership.
If you have purchased the property by a duly registered sale deed, then in view of provisions of Benami Act, your source of income is not relevant in the civil suit concerning ownership of the property.
Consequences under Income Tax for concealment etc. may be there.
Re: ownership.
Entries in balance sheet is not at all sufficient to prove the ownership or title to suit, nor can the entries in books of account or income tax return confer any title to the property. You have to show the title deed standing in your name, and in absence of which you cannot claim to be the owner of property.
Re: ownership.
You need to have the property titles in your name to make you the owner of the property.
Re: ownership.
No,it is not sufficient.You must have to prove your title over the property.
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