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.?
1 Replies
Deepesh Jain
(C.A (May 11 Batch))
(104 Points)
Replied 06 April 2010
As per hindu sucession Act the wealth to be distributed equally ..even if paid in cash no problem
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