Results for #remaining
Legal
#loan#property#remaining#implications
I have used 75% of my sale proceeds to clear the loan on the property and the remaining to invest in gold, what would be the tax implications that I face?
I have used 75% of my sale proceeds to clear the loan on the property and the remaining to invest in gold, what would be the tax implications that I face?
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Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
Question is vague and would depend on when you brought the property and what is the capital gains that you have made from sale of such property.
Legal
#kiran#land#worth#paid#payment
Kiran has bought a land worth 40 lakhs from Aman. Kiran paid 10 lakhs to Aman as advance payment and still owes Rs. 30 lakhs to him. They have a written agreement that states that if the remaining amount is not paid to Aman, Kiran's registration will be foregone. Kiran has given the Power of Attorney of the land (which is revocable) to Ram for Rs. 15 lakhs. Kindly advice, if it is possible for Ram to register the land in the name of his wife before the Power of Attorney is revoked by Kiran?
Kiran has bought a land worth 40 lakhs from Aman. Kiran paid 10 lakhs to Aman as advance payment and still owes Rs. 30 lakhs to him. They have a written agreement that states that if the remaining amount is not paid to Aman, Kiran's registration will be foregone. Kiran has given the Power of Attorney of the land (which is revocable) to Ram for Rs. 15 lakhs. Kindly advice, if it is possible for Ram to register the land in the name of his wife before the Power of Attorney is revoked by Kiran?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
No, the title of Kiran is itself incomplete and thus, any transaction by Ram in favour of his wife would be of no consequence and would not pass any title to his wife.
Legal
#property#builder#loan#sell#flat
Is there a way to stop my mother to take decisions about her property, legally? I am saying this because she has messed up situations in the past. She joint ventured our house with a builder on terms of 50% each, after which she took out a loan on one of our flats and then wasn't able to pay it back so had to sell off the flat. She is trying to do the same with the remaining flat.
Is there a way to stop my mother to take decisions about her property, legally? I am saying this because she has messed up situations in the past. She joint ventured our house with a builder on terms of 50% each, after which she took out a loan on one of our flats and then wasn't able to pay it back so had to sell off the flat. She is trying to do the same with the remaining flat.
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
If the property belonging to your mother is herself acquired property then you cannot restrain her from dealing with such property. however, if the property has been acquired from the funds of your father and/or from joint family funds then in that case your father and/or you and the other members of the family can seek injunction against your mother by filing a civil suit in that regard.
Legal
#flat#buying#selling#remaining#buyer
I own a 1BHK flat in Virar. I am interested in buying just one of the rooms of my neighbour's house (1BHK) which is on sale. The room in question is adjacent to my flat. I am okay with my neighbours selling the remaining 1RK to any other buyer. I wanted to know what's the legal procedure where I can buy just that one adjacent room of the house?
I own a 1BHK flat in Virar. I am interested in buying just one of the rooms of my neighbour's house (1BHK) which is on sale. The room in question is adjacent to my flat. I am okay with my neighbours selling the remaining 1RK to any other buyer. I wanted to know what's the legal procedure where I can buy just that one adjacent room of the house?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
Unless the Flat held by your neighbour can be legally segregated from his flat and also subject to the building plans for such flat being duly amended in the records of the competent authorities, the sale of only part of the Flat of your neighbour in your favour, would be defective .
