Anonymous
09 January 2021 at 11:48
My room in slum is before 1990 at 1st flr with legal documents such as lightbill,voting id, ration card ,aadharcard ,so builder is saying you are apatra they dont do the survey also so what is the procedure for being patra
Anonymous
06 January 2021 at 21:43
1. A customer avaialed two loan in a regional rural bank, charge created on agri land for first loan and limitation is expired for it.
2.. second loan secured by mortgage of agri land and within limitation
3. For both loan same property charge created and mortgaged.
4. Now the borrower deceased.
5. Borrower executed Mortgage including all legal hiers.
Whether bank can file mortgage suit against legal hiers including the first loan?
Anonymous
05 January 2021 at 22:58
Can 'Salami' or 'Pagdi' from a new tenant be taken in Bank draft / Bankers cheque; where the landlord is not transferring the right of ownership of the flat to the new tenant. The tenant would be taking the possession of the flat on low monthly rental basis. The jurisdiction is Kolkata.
Anonymous
02 January 2021 at 13:36
Sale of Vacant Land for funding the construction of apartments and Allotment of flat by beneficiary
Opinion sought regarding Capital Gain Tax and types of documents to be executed w.r.t. Income Tax, RERA & GST Act.
Facts / Background:
N purchased the property consisting of land and residential house in South Chennai measuring about 2600 sft in 1974 and 50 % share of the property was settled in favour of his wife L in 2015. N expired in 2019 leaving behind his wife L (77) and two sons K & P as legal heirs.
As the building is very old, L, K & P want to demolish the building and construct an apartment building with 3-4 flats. But they are not in a position to construct with own funds and are also not interested in a Joint Venture scheme of any builder due to variety of reasons.
R (73) – Brother of N has a vacant plot in West Chennai purchased in 1975. L and her two sons have approached R for funding the construction of the flats in their land with an offer to allot one flat with uds of land in return proportionate to the amount to be invested by R for the development & construction of flats.
It is assumed that - Since R will be utilizing the sale proceeds of the vacant land against the value of the flat to be allotted to him, there will be no capital gain tax for him. Similarly, since L and sons will be utilizing the sale proceeds of uds of land to R, by constructing flats for them, they also will be exempted from capital gain tax.
Now, with regard to execution of documents to complete the transactions one option is - L and sons have to execute a sale deed for the sale of uds of land to R and subsequently all the four have to enter into construction agreement with the builder for development & construction of flats to them.
Supposing if L and sons request for the money (sale value of R’s land)) to be paid directly to them in advance without involving the builder on the understanding that they will transfer one flat with uds for the value of investment after completion of the flats - will it be risky or alright to concede to the request.
What will be the implications of capital gain tax and the consequences if the flat is not completed by the builder as per the requirements?
Any other alternate and viable documentation to take care of Capital Gain Tax, Stamp Duty and other statutory requirement.
Anonymous
31 December 2020 at 20:22
My mother set the nominee for her bank account as my cousin. (her sisters son). she was misguided into doing so, he was present with her when opening the account.
Now mother has expired and bank says money will be given to nominee and the nominee has no intentions of passing over the money to us - Legal heirs.
I know Succession certificate can be procured and matter sorted out, but we all know it is a costly and more importantly takes 5-7 months
I have found RBI circulars where it clearly states Bank should not insist on Succession certificate if the all legal heirs are available.
Bank is harping on the same tune - We can only give to nominee or get Succession certificate. We have Legal heir certificate issued by Tehsil office and Death certificate
My question is - How to bypass nominee and get money without going through trouble of getting Succession certificate
Release of Assets of Deceased Customers to Legal Survivors/Claimants
DBOD. BC.No. 55 /09.07.007/2001-02
https://www.rbi.org.in/scripts/NotificationUser.aspx?Mode=0&Id=545
Additional points for the above circular
DBOD.BC.No. 63 /09.07.007/2001-02
https://www.rbi.org.in/scripts/NotificationUser.aspx?Mode=0&Id=569
Anonymous
31 December 2020 at 10:11
My community certificate is by but my college tc in October how to correct my tc
Anonymous
30 December 2020 at 21:36
My name is AB
but in all my academic documents, and adhar card it is written as A B {with space}
but in my passport, it is written as AB
How can I rectify it and how much time will it take?
What is the procedure?
thanks.
Shilpa
29 December 2020 at 23:39
1 stilt + grounf+2,will there be 4th floor for this plan and weather i can purchase 4th floor flat??
Shilpa Shetgar
29 December 2020 at 23:31
1 stilt + grounf+2,will there be 4th floor for this plan and weather i can purchase 4th floor flat??
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Joint will
Out of three brothers two elder brothers have made a JOINT WILL in favour of the youngest brother pertaining to un divided family property Query is what happens when one of the signatory of the WILL expires.does then the WILL HAVE ANY LEGAL BEARING