Related Posts
What is Tax Deducted at Source (TDS) ? Concept: A person (deductor) who is liable to make payment to any other person (deductee) shall deduct tax at source and remit the same into the account of the Central Government. The deductee from whose income, tax has been deducted at source would get credit of the […]
An NRI or an OCI residing outside India wants to sell / purchase / rent out / take possession of a property located in India but unable to visit India and register the property in the Sub-registrar office shall execute the power of attorney The principal person shall approach the respective Indian Embassy / Indian […]
A capital asset being shares and securities (listed), unit of UTI (listed/unlisted), unit of equity oriented mutual fund (listed/unlisted), zero coupon bonds (listed/unlisted) is considered as long term capital asset if it is retained for more than 12 months and 24 months in case of unlisted shares and securities and land or building or both and 36 months in […]
We may come across such situation in which seller want to sell his property but said property is mortgage with a bank or any financial institution as collateral security towards loan(s) availed in past. Seller may not able to pay of outstanding balance of loan before execution of sale deed in favour of buyer as […]
The concept of POA has been discussed under two laws in India – the Powers of Attorney Act, 1882 and the Indian Stamp Act, 1899. These legislations defined POA as an instrument empowering a specified person to act on behalf of the person executing the transaction. Basically, a person gives another person the legal right […]
The registration of property in Gujarat, governed by the Registration Act, 1908, mandates that transactions involving any immovable property must be registered with the governing body concerned so that a clear and well-defined transfer of title to the owner of the rightful property. Registration of assets becomes a public record on a permanent basis and […]