Buying property in a spouse’s, child’s or parent’s name can invite benami law and tax scrutiny if ownership and funding arrangements do not meet legal requirements. Know the statutory exemptions, potential penalties and documents buyers should maintain to establish legitimate ownership
Buying property in a spouse’s, child’s or parent’s name can invite benami law and tax scrutiny if ownership and funding arrangements do not meet legal requirements. Know the statutory exemptions, potential penalties and documents buyers should maintain to establish legitimate ownership by Soban News (international And National News)
