Aakaar Ambani
Questions Asked
Taxes & Duties
#society#mumbai#july#capital#lakh
I have sold my society plot in Mumbai in July 2012 and I have capital gain of 10.50 lakh. I don't want to buy a property of this money rather want to invest in tax free bonds. Can you advice as which tax free bonds are good to invest in at what interest rate and locking period?
I have sold my society plot in Mumbai in July 2012 and I have capital gain of 10.50 lakh. I don't want to buy a property of this money rather want to invest in tax free bonds. Can you advice as which tax free bonds are good to invest in at what interest rate and locking period?
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Answered on November 08, 2017
Both the tax free bonds notified by Central Government currently i.e. NHAI and RECL have the same lock in period of 3 years and rate of interest of 5.25%. So the capital gains of Rs. 10.50 lakhs can be invested in any of the bonds to claim exemption under section 54EC of the Income Tax Act.
Answered on November 08, 2017
CC means Commencement Certificate . In Maharashtra it is granted under MRTP Clause 44/69 or commencement of work.
RERA
#complainant#regulatory authority#consumer forums
Can a complainant approach both the Regulatory Authority / adjudicating officer and the consumer forums for the same disputes?
Can a complainant approach both the Regulatory Authority / adjudicating officer and the consumer forums for the same disputes?
Dhvanil Vakharia,Design Engineer
31 Answered
Answered on November 08, 2017
( Source : maharera.mahaonline.gov.in) An aggrieved person can only approach one of the two forums for redressal of his grievance.
Architecture & Interiors
During moonsoons, when i sleep with the AC on, there is condensation on the walls and the floors. What could be the reason for this?
During moonsoons, when i sleep with the AC on, there is condensation on the walls and the floors. What could be the reason for this?
Answered on November 08, 2017
This is a normal problem in hot and humid climate of coastal cities. The reason and solution is similar to query 34, where maximising ventilation will help in reducing condensation. You also must have observed this in AC cabins with large glass panes.
Architecture & Interiors
#carpet#builtup
What is the ideal efficiency ratio for carpet area to builtup area to super builtup area?
What is the ideal efficiency ratio for carpet area to builtup area to super builtup area?
Answered on November 08, 2017
Carpet area can be well identified on plans whereas Superbuilt up is perceived based on many common areas of the building. Therefore, the efficiency ratio totally depends upon the planning requirement and its intricacies. However, it's a mathematics which can be calculated after understanding of plans .
Legal
#agricultural#builder#deal
I am a farmer and I have an agricultural plot of area 5445 sq.ft. I gave this plot to a builder on the deal of getting 45% share for me. After that the builder made another deal for a plot that is behind my plot. That plot doesn't have a direct entrance to the road. Can I object under the terms of not letting them build on a plot along with my plot?
I am a farmer and I have an agricultural plot of area 5445 sq.ft. I gave this plot to a builder on the deal of getting 45% share for me. After that the builder made another deal for a plot that is behind my plot. That plot doesn't have a direct entrance to the road. Can I object under the terms of not letting them build on a plot along with my plot?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
It would all depend on the terms of the agreement executed between you and the builder, however if you have agreed to revenue share in the development of the plot, then merely because the developer is building the adjoining plot also the same would not affect your share from the transaction.
Legal
#inherited#agricultural#land#rented#tenant
Shyam's father inherited agricultural land in Patna. His father passed away in 2005. The land was then rented out by Patna court to a tenant under the "Kul kayda". The agricultural title is in his father's name but the local Talathi says that since he and his siblings didn't bother to check the land since his father's death, the land will go the tenant. He wants to know that what does the Law says.
Shyam's father inherited agricultural land in Patna. His father passed away in 2005. The land was then rented out by Patna court to a tenant under the "Kul kayda". The agricultural title is in his father's name but the local Talathi says that since he and his siblings didn't bother to check the land since his father's death, the land will go the tenant. He wants to know that what does the Law says.
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
The title of the land will remain with the heirs of your father however, the tenant thereon will remain a protected tenant and you will not be able to sell the property without the consent of such tenant.
Legal
#property#paid#register#stampduty
I purchased a property in 1993 and paid the stamp duty in 2010, although I forgot to register this property. Will have to register it and pay the stamp duty again on the current market value of the property?
I purchased a property in 1993 and paid the stamp duty in 2010, although I forgot to register this property. Will have to register it and pay the stamp duty again on the current market value of the property?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
If you have paid the full stamp duty in the year 2010 alongwith the applicable penalty , then you would not be required to pay any additional stamp duty merely beause the document has remained to be registered.
Legal
#flat#pune#builder#certificate#conveyance
I own a flat in Pimpri-Chinchwad, Pune since 2007. My builder has not taken a completion certificate from PCMC corporation neither has he made a conveyance deed to transfer the flat in my name. The building is almost 3 years old now and when I asked my builder to make the conveyance deed he demanded me to pay him VAT. Please help me with a solution of this issue since I feel harassed by it.
I own a flat in Pimpri-Chinchwad, Pune since 2007. My builder has not taken a completion certificate from PCMC corporation neither has he made a conveyance deed to transfer the flat in my name. The building is almost 3 years old now and when I asked my builder to make the conveyance deed he demanded me to pay him VAT. Please help me with a solution of this issue since I feel harassed by it.
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
You can file a suit alongwith the other purchasers of the premises in the buildng for conveyance of the property or apply to the Competent Authority under the amended provisions of the Mahashtra Ownership of Flats Act for deemed conveyance of the property. In so far the demand of VAT made by the developer, the same appears to be time barred and in any event would depend on the terms of your Agr...
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