Can buyer give cheque of premium amount ,partially in favor of applicant and partially in favour of Coapplicant.

Q: My brother has booked a flat.He is applicant and my father is co-applicant.Now he want to sell it.Can he cheque of premium amount in favor of father or partially in favor of father and partially in own favor.He want to save short term capital gain tax on premium amount.

Gautam , Apartment Resident

30th April 2013

Legal in Gurgaon

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Hi Gautam, your brothert wants to sell it? what about your father.. i think his consent is also necessary. Are both of them planning to sell it to others or only one person's share has to be sold? please make it clear.

Varun,

6th May 2013

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both wants to sell,i would also tell you that complete booking amount and loan is taken by my brother

Gautam , Apartment Resident

6th May 2013

Hi Gautam..can you just let me know..what is the sale price of your flat in Gurgan..??? As per my knowledge...sennior citizen section enjoys a freedom upto Rs. 2, 50, 000 per year.

Bhawna, Gurgaon

30th April 2013

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