Proof of huf property
Guest
(Querist) 22 January 2014
This query is : Resolved
Sir,
Father(F)& Mother (M) have 1 Daughter (D1) and 3 sons S1,S2,S3.
S1, then married, bought a property with help financial help from F, S2 and S3, 30 years back(S2 and S3 then unmarried).
The title deed and the purchase agreement ONLY mention S1's name, and no HUF entity or names of F,M,S2 or S3 in these documents, except that F & S2 have signed as witnesses.
F & M are no more, and S2 and S3 now claim this is HUF property by virtue of their financial contributions (~10% each) and want a EQUAL share in financial and property benefits of redevelopment. D1 is settled abroad after marriage for >30 years, and has neither contributed to purchase nor is asking for a share now.
Does the property qualify as HUF property ?
What documents do they need to produce to call it HUF property?
sharad
(Expert) 23 January 2014
Since the property is registered in your name, it can not become HUF property unless the funds came from HUF. The funds contributed by brothers etc can at best be considered as loan to you
V R SHROFF
(Expert) 23 January 2014
S1, bought a property
So S1 is absolute owner of property : no huf;
T. Kalaiselvan, Advocate
(Expert) 23 January 2014
The property purchased under a sale deed in favor of S1 is and will be considered S1's own property and he has an absolute title on his name, therefore it is not a HUF property and S@ or S3 or D1 have no rights or interests in it.
