Results for #booked
Taxes & Duties
#booked#flat#possession#sell#capital
I booked a flat in 2010 and got possession in 2013. If I sell the flat now, will it attract capital gains tax? Which date is considered to be the purchase date?
I booked a flat in 2010 and got possession in 2013. If I sell the flat now, will it attract capital gains tax? Which date is considered to be the purchase date?
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Answered on November 08, 2017
Yes, tax liability will arise on capital gains arising out of difference between sale consideration and purchase consideration.
As far as rate is concerned, tax will be computed @ 20% plus surcharge (if any) on long term capital asset held for more than 24 months. While tax rate will be 30% plus surcharge (if any) if the asset is a short term capital asset.
As far as date of purchase is ... (View more)
As far as rate is concerned, tax will be computed @ 20% plus surcharge (if any) on long term capital asset held for more than 24 months. While tax rate will be 30% plus surcharge (if any) if the asset is a short term capital asset.
As far as date of purchase is ... (View more)
Legal
#agreement#booked#2bhk#flat#builder
Could you guide me with the details of a partnership agreement. I booked a 2bhk flat in a partnership agreement with a friend in a 67:33 ratio, the builder says that we would have to understand the agreement mutually, please guide me.
Could you guide me with the details of a partnership agreement. I booked a 2bhk flat in a partnership agreement with a friend in a 67:33 ratio, the builder says that we would have to understand the agreement mutually, please guide me.
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
if the property is acquired in the name of the partenrship firm, then the rights of the partners to such property would be governed by the terms of the partnership deed. As such, your partnership deed with your friend should spell out the respective shares of the partners in all assets of the firm etc.,
Legal
#booked#flat#delayed#possession#builder
I have booked a flat in Andheri and the dealer has delayed the possession by 2 year, is there any legal step that I can take against the builder to get the possession?
I have booked a flat in Andheri and the dealer has delayed the possession by 2 year, is there any legal step that I can take against the builder to get the possession?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
You can file a suit for seeking possession of the flat or in the alternative approach the authority under RERA seeking compensation for delay in handing over possesion of the flat and also for possesion of the same.
Legal
#builder#sell#flat#parking#booked
As per supreme court norms a builder cannot sell a flat with an open parking space. Without knowing this I booked a flat with an open parking space. Please let me know if I should cancel the booking or not.
As per supreme court norms a builder cannot sell a flat with an open parking space. Without knowing this I booked a flat with an open parking space. Please let me know if I should cancel the booking or not.
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
The open car parking would belong to the society/ organisation of apartment owners in common and they alone will be entitled to decide as to who gets to use such open car parking space.
Legal
#booked#flat#payment#instalments#possession
Shreya has booked a flat which is due to be delivered in December 2013 and made the payment in instalments. She wants to know that within how many days of taking possession should she register the flat with concerned department?
Shreya has booked a flat which is due to be delivered in December 2013 and made the payment in instalments. She wants to know that within how many days of taking possession should she register the flat with concerned department?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
Registration is required to be done within a period of 4 months from the date of execution of the Agreement. There is also a provision for further period of 4 months for registration subjet to payment of penalty.
