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Reglarising a property

Querist : Anonymous (Querist) 14 November 2011 This query is : Resolved 
my friend sri venu working in government organisation had bought a property at nellore in 2007 without getting permission from his office, in the name of his son unknowing of such rules. Now he wants to make construction in that site, properly by regularizing that property.what is the procedure to be followed?
Sankaranarayanan (Expert) 14 November 2011
IS the son of your friend is working ? if so then how much income declare as per income tax. If he has self capacity to avail loan then no issue on this part. other wise it is always questionable .
First find the sources for the purchased land as well as for construction idea too.
prabhakar singh (Expert) 14 November 2011
Advises, if any, should be taken timely.

Any way follow as mr. sankar narayanan says.
ajay sethi (Expert) 14 November 2011
yes advisable for son to take loan for construction of property since property is in his name
Sailesh Kumar Shah (Expert) 14 November 2011
I agree! no addition needed.


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