TRANSFER OF CAPITAL

Tax planning 505 views 1 replies

AFTER THE DEATH OF MR.X  AND MRS.X, THE FATHER & MOTHER OF 2 BROTHERS AND SISTER RESPECTIVELY.HOW CAN B THE CAPITAL B DISTRIBUTED AMONG RESPECTIVE HEIRS.IE SONS/SISTER AND THEIR RESPECTIVE WIVES/HUSBAND/KIDS.  IS THERE ANY AGREEMENT TO BE MADE?IF THERE IS NO WILL?CAN THE TRANSACTION TAKE PLACE BY A CASH ENTRY.?

Replies (1)
As per hindu sucession Act the wealth to be distributed equally ..even if paid in cash no problem


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