A has acqired his property . He wants to distrbute among his family members by a partition deed with the consent of all.
Can he do so and what is legality with income tax point of view ?
Is it possible to restrict a person from selling a gifted property.
Eg: A gifted a property to B. Can B be restricted from selling this property without the consent of another person like the son / wife / legal heirs of B.
If yes can anyone pls give the relevant text for the same...
Is it possible to gift same property to more than one person simultaneously.
Eg: A wants to gift a property in the name of B & C (say husband & wife) simultaneously.
Is it required to quote any valuation of the property in gift deed. Will the valuation, if specified, has any affect if the property has to mortgauged to bank at a later stage..?
Which one is better a Gift Or a Sale Deed.
Eg: A wants to transfer a property to B his brother. Is a Gift deed better or a sale deed has to be executed in this regard.
Any implications / risks involved if gift deed is executed..?
Pls answer..
Hello,
Thanks in advance for offering the help.
Question(s) : My family owns agriculture land. My father divided the property among himself, my brother, and myself 30 years ago (when we were minor) and made my mother as guardian for me and my brother. My brother is asking me now to combine his and my property and re-divide the property claiming that he and I are joint family. He has got a caveat from the court on the land I got. He had given lawyer notice and said that he will go to court if I don’t agree to divide the property now. Second, I have built a house with my earnings and rented it.
1) He visited the house I had built on my earnings and bothered the tenants and claimed that house belongs to him. I am living in different town. All documents land etc are on my name. What I should do to stop him from entering my home?
2) What is validity period for the caveat?
3) He is planning to forcefully cultivate my land and also physically threatening me. What I should do to stop him from cultivating. I am the owner of the land. How do I have to handle physical threats?
Thanks very much
Shivam
Dear Sirs,
Pl inform me about this law. Cultivating government land, can we claim status under this law.
Pl revert.
Regards
1. Is it possible for a service person ( a Mumbai domicile ) to acquire a farm land ( around 5000 sq ft ) in Maharashtra without being a farmer or hold any land in any part of India.
2. What is the procedure to convert Agricultural Land in NA Land for small property of around 5000 sq ft.
3. What would be Tax implication and can the said land be sold to other buyers ?
TAMIL NADU forests recently announced in the leading papers that they would like to acquire over 300 acres in nilgiris area under the pretext of wild life protection & elephant corridor to get foreign funds. since area is large there are local inhabitants, hospitality industry and private land owners which are registered by local panchayat and requisite fees have been paid by everyone.
now suddenly TN forests hv come heavily on the hospitality industry and private owners, the matter is in high court of chennai.
i would like to know :
1) how thet can acquire when the panchayats hv registered the land ?
2) can they acquire without compensation ?
3) wht is the correct procedure for acquiring if court passes an order ?
4) wht relief we can get from court ?
5) report of elephant corridor is it absolute and whose report can be considered as locus standi in the court of law ?
6) can they ask the private owners to pack thier bags over night ?
they hv asked affected people to file objections nxt month wht shd be our stand.
PLS HELP SOS
Advance Money
I have sell my house 2 month Before in Rs 250,000/-.
The buyer is only give to me rs 1100/- as an adavnce for purchase .
there is no written aggrement between us .
i want to Know what is minium advance .
adavance is depend on worth of property or its mutuall aggreement .