Gautam , Apartment Resident
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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.

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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.
both wants to sell,i would also tell you that complete booking amount and loan is taken by my brother
6th May 2013

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