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Buying from multiple owners but paying only one owner to avoid tax
13-Sep-2023 (In Property Law)
i am buying a apartment in bangalore. its registered in father and sons name. However son wants entire amount to be transferred to his bank account for tax purpose . basically he wants to buy another property to avoid capital gain tax. father has given NOC. Is it legally correct for me?
Hi, yea you can make such an arrangement, but mention the same in the same deed as it's the request from the seller and you then you can make the payment as they required. kindly contact us for further details
thank you
thank you
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Adv. Yathish Sathyanarayana
Bangalore | 100+ Answers
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