LCI Learning
Master NDPS 2.0: Latest Legal Developments, Best Practices & Landmark Case Studies

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

bangalore2017   16 September 2017 at 12:38

Need your help

Sir, my mother has brought a vacant land in Bangalore in 1995. All most 22 years land.
Now we have sold the land for Rs. 30,00,000/- to one of the purchaser on 12th Sept 2017. My mother age is approx 55 - 60 years. Please inform whether we need to pay income tax. if my mother divides the amount equally to my sister and their daughters whether we need to pay tax or it will treat as gift. Also please inform how to exempt tax.
We are very poor and trying to sell land for my sister daughters marriage of 2 siblings.
if we gift the amount for them equally whether it is exempted from income tax. Please help us.

Anonymous   16 September 2017 at 12:18

Transfer of rights of under construction flat

Hello Everyone,

I had booked a Flat as co-owner with my Father in 2011. Unfortunately, In 2016, we lost our father. He left Four Legal heirs behind him (me, My Mother, Brother and Sister).

Now, I have given Death Certificate, Affidavit cum NOC from My Mother, Brother and Sister to the builder to transfer the under construction Flat in my name.

But, the Builder is asking for Relinquish Deed in my favour.
Please suggest me if a Relinquish Deed can be registered for a property which is not registered in any land Record and I believe unregistered Relinquish Deed has no force and not admissible as Evidence. Please suggest which documents are required in present scenario. We have only Builder Buyer Agreement on Rs. 100 stamp paper and Receipts with us and no formal Sale Deed has been executed.

Thanks in Advance.

Regards
Rajpal

Anonymous   16 September 2017 at 10:10

Co-ownership / joint ownership in a property (resi.plot)

I have a piece of residential plot in Chennai in my name as the sole owner. I have constructed a house on this plot which is also in my sole name. I want to make my wife as a joint owner/co-owner of this property (plot + house).What is the procedure.Kindly advise.

madhu   16 September 2017 at 06:11

Write-off or auc accounts interest calculation

Dear sir,
my uncle taken cash credit (cc) and education loan by mortgaged his house from SBI. up to 2013 he paid the loan regularly. In 2015 the bank declared the loan accounts as AUCA. Now SBI released e-circular "SCHEME FOR ONE TIME SETTLEMENT OF NPA AND AUCA 2017-18 (RINN SAMADHAN)". But bank is telling you are not eligible because of security of your house and is costing more than your dues. After discussed with branch manager my uncle transferred 6.85 lakhs to his saving A/C. In the a/c statement the bank debited it as : TR to AUCA closure" and not showing any A/C number to which it has been transferred.. The manger has gave the calculation on white paper showing: outstanding as on today is 2,45,000/- and interest 4,40,000/-. Still we are pending Education loan. My questions are:
1. Is bank can collect AUCA loan. If it collects then how much interest they calculate and from which date.
2. Can i demand a detailed statement as printed copy including interest rates for the AUC account.
3. "OTS SCHEME" is applicable for these loans, if not why.

-THANK YOU

Anonymous   15 September 2017 at 22:49

Partnership with foreigner

Dear Sirs

does a partnership with a foreigner (me) expire after 1 year? Thy for quick respronse!

Anonymous   15 September 2017 at 22:40

What is the limitation period for appeal in high court

Sir i want to file an appeal against the divorce decree under section 13 HMA by additional session judge (in favour of husband )what would be the limitation period to file an appeal in high court as it is an order of additional session judge whether 30 or 90 days (From wife side )

KAUSTABH SARMA   15 September 2017 at 22:13

Owner of the property

My grandmother has filed a suit in court that a plot of land is purchased by her stating it as a self acquired property though it was purchased by My grandfather's income..he died in 1987..My father objected it..in trial court she provided the Unregistered document of land mutation...Nothing else....and trial court gave judgement in favour of her...
Now we have appealed in high court, our advocates asked here in high court about her source of income ,from where she got money to buy the property as she was minor at that time and lived in Hindu Joint family...Plz anyone tell me if a property is purchased by Husband on his wife's name, then whether it will be the Self Acquired property of the wife ???

Nil Tar   15 September 2017 at 20:47

Civil suit between my father and his younger brother

Hello sir, my uncle has filed a suit against my father in civil court in Goa. My father was living in our ancestral house along with my grandmother my mother and us. My uncle was living with his relative's in Mumbai during his young age and than he started living a city about 50 kms. from our village most of the time. He started working there and got married and settled there. On request of my grandmother my father bought property in my uncle's name which was right in front of our ancestral house. There was hut made of mud walls and thatched with coconut leaves and my mother used it as kitchen and bathroom. After some years my father constructed it and it is now a big house. My uncle wants to remove us from the house. Is there any chance for us to stay in the house legally. He filled the suit in somewhere in 1999 and the suit house was constructed in 1981.

Anonymous   15 September 2017 at 20:46

Flat transfer in cooperative housing society, maharstara

I have purchased flat in bank auction(SARFAESI Act) and got sale certificate and passion of flat but need help in society transfer because there is no transferor (seller) so who will sign on many pages of society formality( e.g. form 20(1),FORM NO. 21,Appendix – 13, and Indemnity Bond ) , bank is saying we provided sale certificate and position of flat thats all. Please guide me how I can proceed further.

Adv.Amandeep Singh Grewal   15 September 2017 at 19:43

Format of legal objections in execution proceedings

hi experts,
URGENT
please provide me format of legal objections in execution proceedings in money decree

thanks