CAN A PERSON SELL HIS PROPERTY AND RECIEVE PAYMENT IN ANY OTHER FAMILY MEMBERS BANK ACCOUNT ??
PRERNA SHARMA (JOB) 10 February 2018
CAN A PERSON SELL HIS PROPERTY AND RECIEVE PAYMENT IN ANY OTHER FAMILY MEMBERS BANK ACCOUNT ??
Adv. Satyendra kumar chauhan (advocate) 10 February 2018
R.K Nanda (Advocate) 10 February 2018
R.Ramachandran (Advocate) 10 February 2018
First remove the Insignia of the Indian Government from your DP. You are not authorised to use it.
Please indicate the purposel for which you desire the sale consideration to be deposited in another person's bank account instead of the seller's bank account.
Without knowing the reason, it will not be advisable for me to answer your query.
PRERNA SHARMA (JOB) 10 February 2018
PRERNA SHARMA (JOB) 10 February 2018
TGK REDDI 10 February 2018
I agree with Shri Satyendra Kumar Chauhan.
R.Ramachandran (Advocate) 11 February 2018
It will be advisable for you to make the payment only to the Seller. Let the Seller repay the amount separately to the person (his relative) to whom he owes the amount. Is it your responsibility tto ensure that he pays the amount to the person to whom he owes the amont? (Think, what will happen if he says that you have not made the payment to him and then takes you to court for cancellation of the Sale Deed on this ground?) Why invite trouble, which you can definitely avoid?
Further, if the sale consideration is Rs. 50 lakhs and above, you are required to deduct 1% TDS. If you make the payment to the relative's account directly, how will you do the TDS? All these things will only complicate the matter. I WILL AVOID SUCH TROUBLES.
PRERNA SHARMA (JOB) 11 February 2018
ACTUALLYTHE TRANSACTION AMOUNT IS LESS THAN 50 LAKHS AND THE PERSON SELLING THE PROPERTY WANTS THE AMOUNT TO BE RECIEVED IN HIS SON ACCOUNT AS THE SON OWES HIS FATHER MONEY AND FOR MAINTAINING PEACE IN FAMILY HE WANTS TO DIRECTLY RECIEVE THE AMOUNT IN SON ACCOUNT .....