Navneet
15 February 2016 at 15:40
Hello,
I have recently bought a property (Flat) in Mumbai, and the same is Registered on my & wife's name. The transfer deed is executed between us and builder. And Stamp Duty & Registration charges have been paid.
Now, we have loan and my mother in law is willing to pay the loan but she has to add her name in the property as the source of funds is Selling of property by my mother in law. If we will add her name in the property then she will not have to pay the Capital Gain Tax as sale proceeds have been invested back in property.
So I have two questions:
1. If we now add her name; what is the procedure and how much would be an approx. expense? And do we need to pay Stamp Duty & Registration again?
2. The amount we will take from her in repayment of loan, will it be considered as Gift? And will there be any Gift Tax applicable? As per my understanding since she is close related family; we can use here funds in re-payment of loan.
Appreciate a sooner response.
Thanks
Navneet
Priyanka
15 February 2016 at 15:37
Dear Sir,
My father bought a property in year 1972 in his mother name , as he was working since 1966 , at that time he used to save small amount of money and evventually bought a propoerty in mother name .
He has bought the property stamp paper of Rs-400 which bear his signature on back of SP .
All the dealing was in cash as that time not much people was aware of taxation system
Now my uncle filled a litigation that he ( my father ) cannot afford that money to buy the property at that time , and there father given money to buy the property after selling jewellery ( as he runs a jewellry shop in delhi ) .
There is no bank details with my uncle neither my grand father /Mother had any account in banks .
As my father was working since 1966 , we said he was earning and out of his saving he bought the propoerty .
We approach the bank if they can share the bank account details of my father by mentioning DD details , but they said as per RBI guidline they dont main data after 10 years . Now what should be do when no bank details are available ,
and also we dont have transations details of money of year 1972 ..
Please suggest me what to do as we are stuck and my father develp depression as he say that my propoerty will be divided away by my greedy brother .
please help me with you suggestions as i have to help my father .
regards
Priyanka
sankalp
15 February 2016 at 14:56
2 YEARS AGO I DID AN UN REGISTERED COLLABORATION AGREEMENT WITH A BUILDER FOR MY PLOT FOR THE CONSTRUCTION OF THE PLOT IN WHICH I WAS TO GIVE HIM 1ST FLOOR OF THE BUILDING.NOW I WANT TO RE IMBURSE HIM TOWARDS COST OF CONSTRUCTION AND KEEP THE FIRST FLOOR AND HE HAS ALSO AGREED.HOW CAN I CANCEL/CHANGE COLLABORATION AGREEMENT IN TODAYS DATE THE BUILDER IS SUGGESTING TO CHANGE THE SECOND PAGE OF THE PAST AGREEMENT ONLY
sankalp
15 February 2016 at 14:52
2 YEARS AGO I DID AN UN REGISTERED COLLABORATION AGREEMENT WITH A BUILDER FOR MY PLOT FOR THE CONSTRUCTION OF THE PLOT IN WHICH I WAS TO GIVE HIM 1ST FLOOR OF THE BUILDING.NOW I WANT TO RE IMBURSE HIM TOWARDS COST OF CONSTRUCTION AND KEEP THE FIRST FLOOR AND HE HAS ALSO AGREED.HOW CAN I CANCEL/CHANGE COLLABORATION AGREEMENT IN TODAYS DATE THE BUILDER IS SUGGESTING TO CHANGE THE SECOND PAGE OF THE PAST AGREEMENT ONLY
Ramesh
15 February 2016 at 14:44
Dear Friends ,
By virtue of Andhra Pradesh state Inam Abolition Act 1955 (Telangana Area), can a Central Government Organisation becomes owner of an Agricultural Land; who has taken this particular land on LEASE from the Inamdar?
The Central Government Organisation says they are the owners, because they are in the position of the land on 1-11-1973 ( the vesting date, as per the above Act.)!
Priyanka
15 February 2016 at 14:34
Dear Sir,
REQUEST you to please suggest , My father has purchased a property in year 1980 , he paid the bayana amount of Rs-500 /- , and total property value was 17000/- ,, in the sales deed registration the amount mentioned was 5000/- vide DD in year 1980.
The bayana amount is not mentioned in the sale deed , and sale deed also doest mention when to pay the balance amount , .stating the bayana amount is not mention in the sale deed , and it is fraud not to mention bayana amount .
Please suggest how to counter the said point in CIVIL suit , waiting for your response .
Thanks You
Regards
Priyanka
Ramesh
15 February 2016 at 14:24
Dear Friends ,
By virtue of Andhra Pradesh state Inam Abolition Act 1955 (Telangana Area), can a Central Government Organisation becomes owner of an Agricultural Land; who has taken this particular land on LEASE from the Inamdar?
The Central Government Organisation says they are the owners, because they are in the position of the land on 1-11-1973 ( the vesting date, as per the above Act.)!
Thanking you ALL expecting an early reply PLEASE. Matter is little URGENT nature Please !
Satish
15 February 2016 at 14:11
Sir,
We are having 1.20 Acres agriculture land in survey no:65 (1.11 & 80 (0.09)in EC & Pattadhar passbook. but if we see in link documents its showing 1.02 & 0.18.Now in survey number 80 (4.19 acres) remaining 4.01 acres land person created pattadhar passbook (4.19 acres) & kept for bank loan and then registered land (4.19 acres) in 2006 by managing some revenue department officials (M.R.O).
what action can we take on this person
Satish
15 February 2016 at 13:56
I am satish,
We went for agriculture land link documents (4.9 Acres ), Register officier said this land is in court, he given all the transaction done in that survey number.
Finally he given.
(FV 949 P407/78)
What is this code significance?
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General power of attorney
Dear All,
Kindly let me know the what are the documents required to write POA.