Seller provides inoperative Pan for TDS deduction resulting 20 TDS demand
Seller provides inoperative Pan for TDS deduction resulting 20 TDS demand
I have bought a flat in resale. Its a joint property between father and son in law. i have given complete payment with1 % tds paid for both the seller as per buyer and seller agreement deal. after few
3 months ago
A. Dear Client,
As per the 2013 Finance Bill, TDS is applicable when selling immovable property above ₹50,00,000. Recently, the Income Tax department has started sending notices to buyers of such properties, reminding them to pay 20% TDS if they missed the Aadhaar-PAN linking deadline. If PAN becomes inoperative, it can be reactivated by providing Aadhaar details to the I-T department. Failure to link PAN-Aadhaar on time may incur a maximum fee of Rs. 1,000 under section 234H of the Income Tax Ac ...ReadMore
Stamp Duty Rate for Resale Property in Thane
What are the updated and correct stamp duty charges for a resale flat in Mira Road, Thane? There is no clear answer to this issue across the internet. It would be a real help if someone from this fiel
3 months ago
A. Dear Client,
Determining the exact and updated stamp duty charges for a resale flat in Mira Road, Thane, requires referencing the latest state government notifications and contacting the local registrar's office or a licensed property consultant. Stamp duty rates can vary based on factors like property value, location, and various government policies, making it crucial to obtain the most recent information from reliable sources.
To ensure accurate details, consider reaching out to a local proper ...ReadMore
Regarding 143
I am in process of purchasing land near Vidyagyan School Sikanderabad bulandshahr UP
3 months ago
A. Dear Client,
When purchasing land near Vidyagyan School in Sikanderabad, Bulandshahr, Uttar Pradesh, it is crucial to conduct thorough due diligence to ensure a smooth and legally sound transaction. Begin by verifying the ownership and title deeds of the land to confirm its legitimacy. Obtain all relevant documents, including the sale deed, mutation records, and revenue documents. Check with the local municipal authorities for land use and zoning regulations. Additionally, investigate the availa ...ReadMore
Procedure to cancel an under-construction booked residentail flat
We have purchased a 3BHK flat in Vadodara which is still under construction. There is a long delay in the completion of the project. The builder and their staff members are continuously giving us date
3 months ago
A. Dear Sir,
Builders and Developers – How to Recovery Advance paid to them
INTRODUCTION:
The concept of advance payment or deposit is part of a contractual relationship between a buyer and a seller in transferring immovable property. However, it differs from security money, which generally indicates a buyer's interest in said property. It is considered part of a 'purchase money', the due amount of which is supposed to be paid on a future date, complying with the agreement signed between the part ...ReadMore
building construction issue
I have purchases new plot and I have stared building construction but One persons opposing to do construction work. He is telling in my plot he build one wastage pipe and he is telling why you removed
4 months ago
A. Dear Sir,
There will be so many persons obstructing like that to get some amount from you. Just get police help or get injunction order from the court.
Prepayment before home loan disbursement
Hi, I'm a salaried employee working in IT sector. Planning to buy a under construction new flat from builder valuation of around 28 lakhs. Upfront while booking i had to pay 20% as down-payment and pl
4 months ago
A. Dear Client,
Before buying a property through a home loan you need to review the status of title and encumbrance status of the under-construction property including the approved building plan, joint development agreement, POA and your CIBIL record based on which a Bank sanctioned home loan to the applicant and the terms and conditions of the draft Agreement to sale usually made out by the Builder protecting their interest. Both these steps are crucial before agreeing with the Builder, because y ...ReadMore
Regarding unregistered property
The plaintiffs went to court with exchange deed which was unregistered and not admissable in court.Their property is mortgaged and not told to the defendents.The lawyers are not forthcoming.The final
4 months ago
A. Dear client,
As an exchange deed must be registered to have legal validity, participants must pay stamp duty and fee at the time of the registration of the deed. Rates of stamp duty vary from state-to-state. Failure to disclose occurs when a home seller deliberately withholds or conceals material facts about the property from the buyer. A material fact in real estate refers to any information that could significantly impact the buyer's decision to purchase the property or affect its value. If t ...ReadMore
How much it will cost to register RWA under 1959 act & transfer of legal rights?
Recently we were forming the RWA as promoter denined to register the RWA under 1959 co-op society, asking us to do our self, and he is interested to do transfer of deeds as per 1972 only. And also he
4 months ago
A. Dear Client,
To register the Residents' Welfare Association (RWA) under the 1959 Cooperative Society Act, you would typically need to follow a set procedure. Begin by preparing the necessary documents, including the application form, memorandum of association, and bye-laws. Consult with a legal professional to ensure compliance with the specific requirements outlined in the 1959 Act. The cost of registration can vary based on factors such as legal fees, stamp duty, and registration charges, so i ...ReadMore
Stamp Duty On Collector land from first buyer
Dear team, Our society registered in 2008 and got possession of land from collector in 2008/9. I got flat from society with allocation letter on society letter head, I have a approval from collector
4 months ago
A. Dear Client,
Firstly try negotiating with the buyer and SBI. Remember, legal and financial matters can be complex and vary based on local regulations. Seeking professional advice from a real estate lawyer and possibly a financial advisor can provide you with the best guidance for your specific circumstances. You can surely go to High Court to seek justice.
should we reveal homicide of house when selling a house in tamil nadu
should we reveal homicide of house when selling a house in tamil nadu
5 months ago
A. Dear Client,
Failure to disclose a material fact such as a past homicide can have significant legal consequences for the seller. The buyer may be entitled to rescind the contract of sale and seek damages from the seller. In some cases, the seller may even face criminal charges for fraud or misrepresentation. Under the Indian Contract Act, 1872, a seller has a duty to disclose all material facts that may affect the buyer's decision to purchase the property. Failure to do so can constitute a breac ...ReadMore
