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Dhiraj Bagri (Manager)     18 November 2010

Definition of Allotment

Dear All,

What is the definition of Allotment in context to Allotment of Flat by the Builder?

Thanks in Advance



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 2 Replies

JT Rajasuriya, Chennai (Advocate 98410 53790)     18 November 2010

Mr.Dhiraj,

              You seem to have genuine requirements of legal advice. I suggest you consult a lawyer at your place. Posing important issues in this forum with very little input of details from your end is only going to confuse you with a multitude of divergent answers.

Dhiraj Bagri (Manager)     19 November 2010

Dear Sir,

Thanks again for your reply and for the guidance. I was asking this question from the view point of Income Tax Act --- Section 80IB(10) as to what would constitute Allotment? 

If we execute agreement for sale will that be considered as allotment?

Thanking you


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