Anonymous
12 December 2010 at 19:53
My brother & me share a residential property jointly inherited from father. If I transfer my share by way of gift to him and he gifts money to me & my family members in turn equal to market value will it amount to sale attracting stamp duty on market value and capital gain tax to both of us under IT Act?
Anonymous
12 December 2010 at 19:01
how an ancestral property can be bought e from other sharers? what document applicable for it?explain in details ,please
Anonymous
12 December 2010 at 18:19
Before two years I purchased one shop with equal partnership with one friend. Now, before two months we had a discussion to give it on a rent and yesterday I came to know that he has given on rent to one party. Now, what I want to know is as the property is registered jointly in my wife name and his wife name, don't we need signature on rent agreement of both owner. Because my friend told me that he has given it on rent and had made an agreement. He has taken security deposit cheque of his wife's name. Now, is it okay or there could be possiblity of a fraud against me in future with such deed. Please let me know for the same..
Jigar
12 December 2010 at 12:11
Hello,
I wish to know how can I surrender my joint ownership of Flat with my Mom and is there any fees or registration I need to abide to ?
My Mom and me are 50:50 owner and I have shifted to another location and wish to surrender my share to my Mom.
Please advice
manik
12 December 2010 at 10:58
i had booked a flat with a builder in Faridabad in May 2009. On a plain paper entered into an provisional agreement wherein builder as per term was permitted to cancel booking in case of delay in payment of installment. i on two ocassion on a receipted copy to the builder had intimated to furnish documents to enable me to process the loan with my banker. the builder did not provide me the revevant documents. on 23 Nov builder sent me for the first time final letter seeking payment of dues and on 02 Dec 10 due to non payment cancelled allotment of my flat quoting the buyer seller agreemnt. insipite of meeting the builder and info them that due to non furnishing of documents i could not process the loan amount with bank, hence there has been a delay in payment the buildr is not willing to change his decision.
it is learnt that due to appreciation of his property the builder is arbitarily cancelling booking of flats. ther has been no valid reason given by builder to cancel my booking or not providing documents necessary to process loan from banker. builder is only willing to return the booking amount.
please advice further course of action.
Anonymous
12 December 2010 at 08:23
What is vacant land tax paid to gram panchayat/BMP or any other government body in the last few years? Is it necessary to acquire it.
vineet advocate
11 December 2010 at 23:08
who should pay the stamp duty in case of allotment letter by builder ? as per section 29(c) of the Stamp Act,1899 I think it is the obligation of the intended buyer ?
Anonymous
11 December 2010 at 22:16
Can a muslim father settle his property in favour of his one son imposing condition that he can not alienate it and the property shall devolve on the grand child after the life time of son.
The father has 2 sons, 2 daughters. The property is self acquired property
Anonymous
11 December 2010 at 21:30
I am planning to buy approved plot.
The present seller sale deed is perfectly ok.
The present seller has obtained from previous owners. one owner is vimala + and other owner is her father-in-law.
Actual property was purchased by vimala's husband who was died and hence automatically vimala and her father-in law became legal heir and hence they became owners.
But since her father-in-law was old at 90+, so that previous owner vimala obtained a GPA-notary signed from her father in law .
Is this title clear? or GPA-Notary signed is a problem ?
However, the present owner has all sale deed, patta everything in order.
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gift of immovable property & cash
Joint residential property vested with me and my brother, inherited. I intend to gift my share to him and he intends to gift money to me & my family. do we need to pay stamp duty as sale and capital gain tax under IT?