Hello All
I need a help.
We had 2 Flats in our bldg, Flat no 1. registered in my fathers name (where my mother is a nominee), and another flat(Flat no 2) where Me and My Mother our Joint Owners(Mother being 1st Holder). Recently my father died,so as my mother is a nominee in Flat no 1. which we have to transfer in her name. I thought of being added as joint/associate member along with my mother(where she is a nominee) in this Flat 1. But then we would be having 2 flats both jointly registered in our name.
Now i have 2 options, let this flat no 1,go in my mothers name and add me as a joint member (again 2nd holder)
or
Register Flat no 1 in mothers name in full and remove her name from the 2nd flat and i become the complete owner of flat 2.
Reason for doing this is, to get out of that clause of an assessee having 2 flats and provisions of Deemed let out property getting applicable.
I need small help, whether the option 2 of removing co applicant name (joint owner) is possible, if yes the procedure for same, any link if can be referred to please update.
Pls update me on same
