Results for #CC
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Answered on November 08, 2017
CC means Commencement Certificate . In Maharashtra it is granted under MRTP Clause 44/69 or commencement of work.
Taxes & Duties
#occupy#loans#rent#loan
I own three flats, one of which I occupy myself. The other two are empty. All three have been bought with home loans which are still being repaid. Can I give out the other two flats on rent, and still claim tax benefits on the home loan interest payments?
I own three flats, one of which I occupy myself. The other two are empty. All three have been bought with home loans which are still being repaid. Can I give out the other two flats on rent, and still claim tax benefits on the home loan interest payments?
Answered on November 08, 2017
Yes, you can give the two flats on rent and claim deduction in respect of interest paid in respect of the home loans on the two flats in your return of income.
Legal
#property#occupy
My father had purchased a property and built a house on that property. Later, he allowed his brother to occupy that house for 30 years. Since he has lived in that house for so long, can he claim for a right in the property?
My father had purchased a property and built a house on that property. Later, he allowed his brother to occupy that house for 30 years. Since he has lived in that house for so long, can he claim for a right in the property?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
Your father's brother can file a suit on the grounds of adverse possssion and claim title to the property.
Legal
#residential#property#sell#occupy
I was forced to rename my residential property in my father's name. After doing, this my brother convinced my father to sell all of it. Although, my father has let me live on part of the property, I am worried that he will also sell the part that I currently occupy. If this does happen, what can I do to prevent it?
I was forced to rename my residential property in my father's name. After doing, this my brother convinced my father to sell all of it. Although, my father has let me live on part of the property, I am worried that he will also sell the part that I currently occupy. If this does happen, what can I do to prevent it?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
If the property is acquired from your self earned income, then you can obtain an injunction from a civil court restraining your father etc., from dealing with your property or your share therein. If the property is acquired by the father from his income, then you cannot prevent him from dealing with the same.
Answered on November 08, 2017
CC is granted in some parts of the Country once for Entire Work, But in Mumbai the CC is first Granted up tp Plinth or Top of Stilt as the Plinth Size and Open Spaces are checked at this Stage before Granting Full CC for entire work as approved.
Purchase & Sales
#purchase#flat#cc#developers
I am looking to purchase a flat on the 10th floor and C.C. is upto the 6th floor. Why do developers not obtain the full CC in one go?
I am looking to purchase a flat on the 10th floor and C.C. is upto the 6th floor. Why do developers not obtain the full CC in one go?
Answered on November 08, 2017
It is not always practically possible to obtain full CC at one go. There are huge premiums that need to be paid. If they are paid in one go, developer will incur heavy finance charges on the same, which ultimately will be passed to the consumer.
