Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Shilpa Rani   05 December 2008 at 23:31

any tax to be paid

I want to sell my grand father property gifted to me by my father.
It is an agricultural land of 5 acres.each acre market price is 5 lakhs...dont know whats the government price for that.
My queries are:

1.if i sell that agricultural land and take cash from that buyer...shall i need to pay any tax to government ....coz i want to fixed deposit that amount in bank.
2.what is capital gain tax...is that applicable to my case
3.my land is 5 acres and each acre is 5 laks ..means total 5x5=25 lacs ...buyer is telling that he will give 10 lacs on DD and rest as cash (black money)....is it ok to accept like that...if so how to manage that money from tax eviction...please guide

vempada   04 December 2008 at 16:50

can i write a will on...

latharamesh   03 December 2008 at 19:58

unco-operating neighbour

Sir
I Have an apartment in 2nd floor and having severe seepage coming from the bathroom of the thirdfloor. The water literally dipping in my door. Since the matter was urgent i repaired the third floor apartment's bathroom,completely replacing the tiles etc., the cost came to Rs.27000. now the third floor people are not ready to bear a single paise for that. what is our remedy?





















vempada   03 December 2008 at 14:30

How to write a will

Hi

can anyone tell me how to write a will...
how much money i need to spend to write a will...shall i have to register that will...do i need lawyer assistence for writing a will....what will be the format to write a will...
please advice

Genius   02 December 2008 at 20:24

Can i write my will....

My parents are seperated from me for 5 years...we just talk occsionally...my parents have self aquired property...and also ancestral property ...but they are holding all property.I dont whether they will give me their self aquired property but i have a share in ancestral property.
we are 2 sons to my parents...
i am living alone and away from my parents for 5 years...
i am raising my friend's daughter as my own daughter....not legally adopted...but staying with me all the time..i am givng her education and food etc..i dont have any property for myself to give it to her .
My health is not good...if anything happens to me i dont want that kid to leave like that...as a token of affection i want to give my property ( if i get from my parents ) to her...even my parents know that i am raising her as my daughter.
My question is:
1.I know she is not legal hier to my property which i get legally( ancestral property)...can i write a will for myself..that incase something happens to me she should get whatever i suppose to get from my parents...
2.my parents still did not give my ancestral property....but can i write a will for myself telling them that my ancestral property should get to my adopted daughter...
please advice..

kaushikphm   02 December 2008 at 17:16

Citation Judgement

Dear Sir,

We have shop with my uncle as coowner
and he has been receiving rent for past
10 yrs as he is a senior member in our family.I sent a letter and afterwards legal notice to the tenant in the year 2006 to give my share to me directly and but it is no vain.
so, I filed a eviction suit against him,made my uncle as a party
and still he is forwarding the
Rent payment to my uncle.
My uncle has not come to court to for chief and cross examination.
Now, this is pending for argument.
Could you please provide citation judgement?



Sundaresan K   02 December 2008 at 13:38

Dispute With The Tenant-Demand Of Possession

Dear Sir,
I have a house at Sirkali (my hometown) in the Tamilnadu state which I bought in 2005 with HDFC Bank Loan.I am still paying the EMI for the same.
The house has Ground + 1st Floor.The first floor is occupied by my sister's family and the ground floor has been rented out to a tenant from Decemebr 2007.
There is a rental agreement between the tenant and me for a peroid of 11 months which ended in October 2008.And the agreement clearly states that the tenant has to vacate the premises at the end of the 11th month.
I have been asking the tenant to vacate the house starting from May 2008 since we neded the premises for our own use. At first the tenant refused to vacate quoting the rental agreement, which is for 11 months. He said he could think about vacating only after the rental agreement expires.
Now the tenant is saying the agreement is only for ”formality” sake and no one will come to a house for rent only for 11 months.
I wanted to take up this issue legally. But the localites are scaring me telling that the legal process will take years together to get the judgement.
Since I am staying in Bangalore currently and my conscience does not allow me to take up “other” means to force the tenant to vacate the house, the only option open before me is taking up the issue legally.
I seek your advice in this regard. Is it true that we will not get justice immediately if we seek for legal solace?
I pay a premium of Rs 11215 every month for this house which is a major portion of my monthly earning.Also we are paying all the savings we have to repay the loan as early as possible though the laon tenure is 20 years.The minimum I would expect is to enjoy total ownership over the property.But I am denied of that.I am deeply hurt and distressed because of my tenant's attitude.
Earlier in the year (May 2008) my grandmother was seriously ill and we desperately needed the ground floor portion for her keeping her there and taking care of her.The tenant at that time also refused to vacate the premises.Now my grandmother is nomore and we are sentimentally upset that we could not keep her with us in her last days.
My 16 months old son is not very comfortable with the weather conditions in Bangalore and we desperately need a place for our frequent use and stay.My mother who wishes to travel to Sirkali quite often would find the ground floor house much more comfortable due to her old age .
Please guide me as to how I can get the issue solved legally.Thanks And Regards
Sundaresan