Can we avoid tax on sale of immovable property on the basis of registered Will against immovable property before the death of the person who made the will and sharing the property according to the terms of the Will among the family members by not paying the tax as per laws of India?
Asked on 12/10/10, 4:15 am
1 Answer from Attorneys
Rohini Kumar Tenneti
R.K.1080 LEGAL SERVICES
you cannot sell the property in the WILL when the Testator is alive,as the WILL excutes only after the Testator dies,as there could be a CODICIL at any point of time as long as the Testator is alive.
Answered on 12/11/10, 12:38 am
Related Questions & Answers
-
Can we issue C Form for purchase of Machinery & its parts (capital goods) used... Asked 12/09/10, 8:59 pm in India Tax and Taxation Law
-
Hi sir I am doing a consultancy service for a US based company and they are paying... Asked 12/09/10, 12:51 am in India Tax and Taxation Law
-
Dear Sir, We have got an export order for supply,erection,commissioning of power... Asked 11/23/10, 8:12 pm in India Tax and Taxation Law
-
We have a project contract in Malaysia. We have subcontracted to a contract for... Asked 11/18/10, 9:31 pm in India Tax and Taxation Law
-
Dear Sir, I am a non-resident Indian. Four years ago I bought an apartment in Kerala... Asked 11/13/10, 5:00 am in India Tax and Taxation Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
