Advise With Regards To Property
I am planning to purchase a commercial property in Pune east street (Pune cantonment) So I had 2 questions with regards to this. As per the required documents CA certificate was required which the seller doesn’t have since hes not filed the IT returns. The property was on the name of 3 people (mother and 2 sons) and release deed of 2 have been completed which leaves the property with one person. And secondly as per cantonment rules we are suppose to pay 27% tax on rented out properties which hes never paid till date. So is it safe to purchase the property without these 2 things or can I face any problem in the future with regards to these 2 things. Also if I need to come out of this deal how do I claim my expenses since its been 6 months that hes not given me the complete documents and have kept me hanging in the middle. Ive given him a token also for which I have a written receipt. But since I had taken money from outside so ive been paying interest without any returns. Needed help
Free Legal Advice - property dispute
Posted by: Karan
Posted on: 2019-12-06
Karan, 1. CA certificate is mandatory, if they did not have, then definitely issue at Later stage 2. If they Did not paid any Tax, first they have to pay those dues, before selling. Otherwise you have to pay 3. Cantonment Land, You have to go to Cantonment Office, for Verification. They also need to give Approval. 4. Based on "Agreement for sale", which you signed and paid token amount, if any clause exist to recover your money, then you can get. You may file notice and civil court procedings 5. Before you finish final payment, go to Pune Lawyer, local to that Area, and ask to verify the contents.
Karan, 1. CA certificate is mandatory, if they did not have, then definitely issue at Later stage 2. If they Did not paid any Tax, first they have to pay those dues, before selling. Otherwise you have to pay 3. Cantonment Land, You have to go to Cantonment Office, for Verification. They also need to give Approval. 4. Based on "Agreement for sale", which you signed and paid token amount, if any clause exist to recover your money, then you can get. You may file notice and civil court procedings 5. Before you finish final payment, go to Pune Lawyer, local to that Area, and ask to verify the contents.
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I am planning to purchase a commercial property in Pune east street (Pune cantonment) So I had 2 questions with regards to this. As per the required documents CA certificate was required which the seller doesn’t have since hes not filed the IT returns. The property was on the name of 3 people (mother and 2 sons) and release deed of 2 have been completed which leaves the property with one person. And secondly as per cantonment rules we are suppose to pay 27% tax on rented out properties which hes never paid till date. So is it safe to purchase the property without these 2 things or can I face any problem in the future with regards to these 2 things. Also if I need to come out of this deal how do I claim my expenses since its been 6 months that hes not given me the complete documents and have kept me hanging in the middle. Ive given him a token also for which I have a written receipt. But since I had taken money from outside so ive been paying interest without any returns. Needed help
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