Sir, Thanks for your response, sir, I have tried all the above but could not succeed if you have any solid resolution please let me know because the sum is near 1 lakh and the legal fees nearly 22 to 30 % with other expences and there is no legal advisor here in Agra, Please if you can further assist me.

Ans: Dealing with family property issues can be complicated, and it's essential to understand the legal and tax implications before making any decisions. Here are some options you can consider:

Sell Schedule Property-2: If you decide to sell the Schedule Property-2 to pay your sisters' share in Schedule Property-1, you may have to pay capital gains tax on the profit earned from the sale. However, you can claim an exemption from capital gains tax by investing the sale proceeds in specified assets, such as residential property or bonds, within a certain period. It's best to consult a tax expert to understand the tax implications and explore the available options.

Gift Schedule Property-2: You can gift the Schedule Property-2 to your sisters, but it may attract gift tax. However, you can also consider transferring it as a family settlement, which is a legal agreement between family members that divides assets and liabilities in a fair and mutually agreeable manner. It's advisable to consult a lawyer to draft a family settlement deed and ensure that all legal formalities are completed.

Transfer Schedule Property-1: If you want to transfer the Schedule Property-1 on your name, you need to execute a gift deed or a sale deed, depending on whether you want to transfer it as a gift or sell it to yourself. However, if there are other legal heirs or claimants to the property, such as your sisters, they may contest the transfer, and you may have to go through legal proceedings to establish your ownership rights.

Mediation: If you and your sisters cannot agree on a solution, you can consider mediation, which is a voluntary process where a neutral third party helps you reach a mutually agreeable solution. Mediation can save time and money compared to going to court, and it allows you to maintain family relationships.

In summary, before making any decisions, it's best to consult a tax expert and a lawyer to understand the legal and tax implications and explore all available options. Additionally, it's essential to communicate openly and honestly with your sisters and try to find a solution that is fair and mutually agreeable.

Ans: Hello;

Request you to kindly elaborate on the query.

I am not getting any reference to your previous query, if any.

Thanks;