Our flat is getting sold. My mother is owner of the house. NOC was given to society to transfer the flat in mother name by both the sons. My father did not made a will. So all three of us were legal hiers. The purchaser will be calling us to finalise the deal. And ofcourse he will be taking singnature from both the sons to be on the safer side, even though mother is registered owner. Now my question, how to get my money share and Points of cautions before signing. Is it better to get the deal completed as a coowner (1/3) share holder.
Now once i receive the amount what tax i need to pay.
case 1) If my mother gives me amount
case 2) I get the amount as a co-owner from the purchaser
