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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 […]
The trend of a rented living has flourished at its zenith in the urban areas of India. With a surge in educational and employment opportunities, more and more people are now pursuing rented accommodations than ever. So, while you seek or live in a rented house or a flat, do you know about the registration […]
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 […]
Mutation means transfer or change of title in the records of the local municipal body for the concerned property. The change in title ownership may occur due to a number of reasons like death of the original owner and subsequent transfer of the ownership due to inheritance or succession. Below is the list of reasons […]