Buying Property with own fund HUF
14-Mar-2023 (In Family Law)
We have not divided our property among 2 brothers and 1sisters.Still our shares in agri and plot are disputed among brothers.
I want to buy a agri land.I am salaried person for which I have bank records and i am filling income tax every year.
Please advice below options which will not include in HUF and cant be challenged and not possible to include in court litigation
1.Buying on my name
2.Buying on my wife name
3.Buying on my minor son name with me or my wife as guardian
Also advice how I have to transact with buyer to make sure my brothers cant claim my self owned property in court.
You can make the transaction clear that the money gets transferred from your bank account and the same gets reflected in the income tax records and also the averment in the sale deed should specifically indicate that the money is paid through personal funds. You can also borrow it from 3rd parties and buy it and then repay it and get it reflected in income tax records
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