Tranfer of rights in property
PREMANG P GORADIA
(Querist) 11 October 2018
This query is : Resolved
My mothers family had lease hold property , my grandmother & grandfather died----My mother inherited rights in the property, Now my Mother has also died & ibeing only son-inherited her Rights in Property. Now my shares 1/16, can I transfer my Rights to Third Party (Nobody in Family is Ready to buy my rights).Also Income tax to be paid on stamp duty document???
Dr J C Vashista
(Expert) 12 October 2018
Whether your mother was the only LR of your grand-parents to inherit their property? Similarly you are the only LR of your mother? How do you calculate your 1/16th share?
Consult a local prudent lawyer for better appreciation of facts, guidance and proceeding.