Huf property

raokn (Querist) 20 January 2016 This query is : Resolved
I HAVE MY HUF PROPERTY OF LAND AND BUILDING AND WISH TO SALE.MY FAMILY CONSISTS OF MYSELF,MY SPOUSE AND TWO MAJOR CHILDREN(Son & Daughter).

Now my question is-will the sale proceeds are split into four or three parts?

Four ,meaning my self,my spouse and two children.

Three,meaning myself+spouse as ONE and two children.

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kavksatyanarayana (Expert) 20 January 2016
Your self and your children shall sign/execute the sale deed. Your wife is not necessary.

Rajendra K Goyal (Expert) 21 January 2016
From which state do you belong?

Who is the Karta of HUF.

How the property was acquired?

Consult local lawyer and discuss.

K.S.Srinivas (Expert) 31 January 2016
Three parts. Among yourself and two major children.

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