I WANT TO PLEDGE MY PROPERTY IN MUMBAI MAHARASTRA AND WANT TO AVAIL BANK LOAN AGAINST MY PROPERTY.
THE SOCIETY IS NOT GIVING THE NOC TO BANK AS PER BANKS NOC FORMAT .THEIR ARE SEVERE DISPUTES BETWEEN THE COMMITEE MEMBERS [ NOTHING FROM MY SIDE ].I DONT HAVE ANY SOCIETY DUES TO PAY .EVEN THOUGH THEY ARE DELAYING THE NOC.THE BANK VALIDITY OF SANCTION IS OVER ONCE BUT STILL ONE WEEK EXTENTION THEY HAVE GIVEN.
IS POSSIBLE TO DO REGISTERED MORTGAGE WITHOUT THE NOC FROM SOCIETY INSTEAD OF DOING EQUITABLE MORTGAGE.
KINDLY ADVISE IN THIS MATTER.
AJAY
MUMBAI
MAHARASTRA.
HUF PROPERTY BOUGHT IN 1965 @ 30000 Rs.IN MUMBAI & total capital of huf is eight lacs
KARTA & WIFE EXPIRED
4 COPARCENER :ONE SON & 3 MARRIED DAUGHTERS
present value is 220 lacs.
daughter are willing to forgo their share in property & capital of eight lacs.
how to dissolve the huf what will be stamp duty registration charges [ if any ] in Mumbai if the property to be registered in society.how to avoid stamp duty & registration charges.
any direct sale of property is possible without transferring the property in society register. after payinr necessary transfer fees & hand over the share certificate to new buyer.[ TO AVOID LONG PROCEDURE FOR TRANSFER IN SOCIETY AS THEY SIT FOR MEETING IN 3 MONTHS ]
Long term capital gain
What will be long term capital gain tax on property purchased in 1970 and sold in 2021.
My father purchased residential flat at r
Rs 55000.00 in 1971 and I sold the same @ Rd 1.25 cr.
I don't know what will long term capital gain tax. I asked i t lawyer but not getting proper
Reply.
Ajay