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I own a piece of land in Thane jointly with my three brothers. Now we have approached a builder to build a residential property on that land. We have received two offers from the builder. One, he will pay us 40-60 lakhs and 4 2BHK flats. Two he will give us a lumpsum amount of 2.5 crores. Will the proceeds from this development be taxable, and if so what will be the tax rate in each scenario?
305 people including me bought flats from the government scheme and did a full payment. Now this has been delayed for 12 years on flimsy demand of the third party certificate of no addition or alteration. But the RWA president is refusing to give us a selling deed saying that it is purely a matter between the seller and the buyer. For how long can CGEWHO delay this conveyance deed? Also, can the deed be delayed on such pretext?
Kindly resolve a few of my questions with regards to Demarcation. 1. What are the rules of demarcation of a land? 2. Under which act is the demarcation of land stated? 3. Does the Deputy Collector and the Magistrate have the authority to give the possession of a land which is demarcated? 4. What other legal actions can be suggested to obtain the possession of the land?
I am going to inherit a property, could anyone help me with the inheritance laws for an apartment or flat?
Is it legal for a society to charge transfer charges on a re-sale transaction of a flat?
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