Anonymous
12 January 2011 at 07:32
There are two ways of gifting a property (to a blood relation/spouse):-
1. as gift (deed)
2. via relinquishment deed
As I know, gift deed costs more than relinquishment deed. What's the cost of gift deed?
Is it variable based on the value of the property or fixed?
Is there any difference in terms of tax liability? I guess there is no tax on gifts from blood relations plus spouse. What about tax in case of relinquishment deed?
Thanks.
F L SHAIKH
11 January 2011 at 20:59
My Grandfather has expired back in 1994 and my Grandmother is alive.We are Muslims, My question is there are 2 rooms in a chawl system in Mumbai and it is still in my grandfathers name, My grandmother has 6 sons and 4 daughters and now my grandmother does not have a place to stay because all her sons have sold her property except that 2 rooms and divided the money and her 2 sons are still staying in that 2 rooms in chawl system and they are not willing to allow my Grand Mother to accompany them in-spite of that home being in Grandfathers name.
Please Guide me what steps to be taken and can my Grand Mother transfer both the houses on her name by approaching any authority pls Reply asap as the action should be taken asap.
saiyad dost mohammad
11 January 2011 at 20:16
Dear Sir/Madam
I would like to know your opinion on the following:
1.Rishta in a muslim family was proposed by girl father/mother/paternal uncle/ maternal uncle/maternal brother at boy home on june 2010 with some sweets and cash gift.
paternal uncle of girl is also a paternal uncle of boy and he is a mediator.
boy told this mediator that fix the date of marriage after i get leave from the job and this i will confrim you 10-15 days before, as boy works abroad.
2.in july 2010 brother/mother/paternal uncle/paternal aunty/paternal brother/maternal uncle went to girl house to confirm the rishta with some sweets and cash gift.
there the girls family put a small get together with some common relatives and fix the date then and there , the mediator hide the fact/request of boy told to him.
unaware of the fact the boy mother also give consent as all are relatives.
date of marriage was agree for the month of dec 2010.
some sweets and cash gifts are exchange there.
3.in nov brother of boy booked 29 railway tickects for marriage in dec 2010.
4.in nov girl father and mediator came to boy house to give invitation of girl's brother marriage in dec 2010.
and gift some cash.
5.in dec boy inform about his leave and return to his brother which is on very short notice ,unfortunately the return journey is on the date of marriage. brother of boy inform this to mediator
mediator confirm this with the boy through isd call.
mediator then told this to girl father, in return girl father along with girl maternal brother denied/reject/cancel the marriage by phone call even on the request/plea of boy mother to find out some other solution and do not reject/cancel the marriage proposal as preparation are going on and it also hurt all relatives, family and social circle.
the girl father and mediator ask boy mother to re exchange/settle cash gift which is accepted by boy mother and asked girl father to give his bank account number on this girl father threaten boy mother to sue in court and ask her to talk to mediator.
on asking bank account number from mediator he further threaten and put false allegations/blames and loose talks with boy’s mother on phone.
6.after hearing all this boy bother asked the mediator who is also his paternal uncle to come over to his/boy house to take back cash gift of girl father or provide girls father bank account number for cash gift settlement and please do not threat to his and boy's mother.
what are the possibilities of legal sue/case from boy's family side and from girl's family side?
Please provide your good suggestion/opinion on this matter.
Best Regards
Avinash
11 January 2011 at 19:24
Dear All,
Many Thanks for the Learned Experts who guided me in my last query. I have filed a Private Case for Section 497 in the Court of Law against the Paramour of my wife and have included even her CRPC 125B and 107 for Criminal Conspi against her because of her involvement he had called me thro phone and threatened me with dire consequences and confessed about their relation and later with that i filed 506 and 504 against him.later it has been taken for FSL report.Can any body pl help with some citation details where women has been summoned under 125b and 107 with ref to 497
Please it will be a great help for me to get my son cust.
Regards,
Avinash
Anonymous
11 January 2011 at 16:55
The Press release of RBI Dated 08.04.1998 requires two test based on Financial Assets .
What is Financial Assets for this Guideline.
Should I Follow Definition of AS -26 or Shall the Definition of S.45-IC shall be Followed ?
Anonymous
10 January 2011 at 20:20
2. Admission or establishment of new States.—Parliament may by law admit into the Union, or establish, new States on such terms and conditions as it thinks fit.
2A. [Sikkim to be associated with the Union.] Rep. by the Constitution (Thirty- sixth Amendment) Act, 1975, s. 5 (w.e.f. 26-4-1975).
Anonymous
10 January 2011 at 20:18
2. Admission or establishment of new States.—Parliament may by law admit into the Union, or establish, new States on such terms and conditions as it thinks fit.
2A. [Sikkim to be associated with the Union.] Rep. by the Constitution (Thirty- sixth Amendment) Act, 1975, s. 5 (w.e.f. 26-4-1975).
upendra pal singh
10 January 2011 at 20:01
my father was a founder member of a cooperative housing society he paid price for one plot in 1965 & society purchased land.As per a Layout Plan in 1983 Registered Sale Deeds was done.Development work stopped as an organisation took up case with UP Govt to acquire the land.By Govt Order of 1993 Society got the land out of jurisdiction of the Organisation. Though Layout was passed by Agra Development Authority in 1974 no Agreement could be done for various reasons.NO construction could be done only small boundary wall made.1993 Society made another Layout of smaller plots & now getting our Sale Deeds cancelled through Registrar.In 1993 Society changed the old Layout of land and made new roads as per new Layout assuring us we would get land equal to our Registered Deed Some members objected & filed Civil Suit also. Till 1996 Society took development charges from us as per the old Layout and not from new Members inducted,though their induction was objected to.Since than Society has been inducting new members and Registering plots in their names.What is my legal standing My Father died in 1992 me & my brother are now members and so are our Four Sons.
Lt Col UP Singh
G. Sushant
10 January 2011 at 15:56
Earlier the Company had secured loan worth of Rs. 52 Cr [From X Bank-Lead Bank Rs. 25 Cr, From B Bank (mentioned below) Rs. 15 Cr and From A Bank (mentioned below) Rs. 12 Cr]. and the MOE has been executed by the Company for depositing the title deeds of immovable property with Lead Bank X and paid Rs. 10,40,000/- as Stamp Duty.(0.2% on Rs. 52 Cr.)
Now the Company has fully repaid the Secured Loan to Lead Bank X except Rs. 5 Cr which has been taken over by A Bank and now the A Bank has become a Lead Bank.
The Present Consortium Finance Involved worth Rs. 114 Crore as below:
From A Bank Rs. 54 Cr
From B Bank Rs. 15 Cr
From C Bank Rs. 20 Cr
From D Bank Rs. 25 Cr
---------------------
Total Rs. 114 Cr
Now due to Change in Lead Chargeholder new MOE has to be executed depositing titles of the properties with "A Bank" on behalf of Consortium.
the Query is the now the Lead Bank is "A Bank" and MOE has to be created in favour of A Bank Bcoz it is now Lead Chargeholder. Amount of MOE will or not exclude the Rs. 5 Cr takeover from X Bank to A Bank & 15 Cr of B Bank while calculating the Loan Amount. Bcoz the Stamp Duty is already paid on the Rs. 5 Cr & Rs. 15 Cr earlier in earlier MOE Or Fresh MOE to be executed with A Bank for Rs. 114 Crore as rights of Consortium is now Changed from X Bank to A Bank.
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