Assessment of stamp duty at the time of the sale agreement: 1.80,000 Rs. (b) at the time and place of sale, purchase money to the seller or to the person vonderatodes. To the extent that the property is sold safely, the purchaser may withhold the amount of charges on the existing property at the time of sale from the purchase money and pay the amount withheld to the authorized persons; In many places in India, when buying a property, it is found that a sale agreement is reached between the parties and that a deed of sale is registered between the parties, which gives the title to the property. However, the time between these two agreements can be of considerable duration. Because of this considerable delay, there may be questions relating to the Income Tax Act 1961 (Law) relating to specific provisions such as paragraphs 43CA, 50C and 56 (2) of the Act. Let us look briefly at these sections and the impact of these two agreements on income tax. A real estate sale contract is a contract that is a sale of that property on terms that are regulated between the parties. It does not alone create an interest or a royalty for such a property. Therefore, the title is transferred only at the time of the surrender of the property or the registration of the deed. In a sales contract, certain shares are created in favour of the seller. A deed of sale is a legal document that proves that the seller transferred absolute ownership of the property to the buyer. Through this document, the rights and interests of the property are acquired by the new owner. A sales statement usually consists of the following information – An agreement for the sale, is an agreement to sell a property in the future.
This agreement sets out the conditions under which the property in question is transferred. the sale in counter-sale in accordance with the state of sale: Rs NIL (as the consideration of sale is mentioned and paid in conjunction with the sale agreement) (a) rents and profits of the property until the buyer`s property is transferred; In the case of a property in value, the sale of the property can be concluded by simply handing over the property of that property or by a registered instrument. If there is no registration of the deed of sale, no real estate flows because there is no transfer. If the owner of two or more properties mortgages to one person and then sells one or more properties to another person, the purchaser has the right, in the absence of a contrary contract, to have satisfied the mortgage debt of the property or property that has been transferred to him or her, to the extent that it extends, but not to infringe the rights of the borrower or persons who claim under him or her No one. A person who has acquired a stake in one of the properties for a fee. If the sale agreement is inconclusive, does it raise another question as to the buyer`s ability to pursue the action in violation of the sales contract? This request was met under section 18 of the RERA Act, which states that the developer must compensate the purchaser if he was unable to complete the project and return possession of the property within the time frame set out in the sale agreement or sale agreement. If the developer does not do so, he can file a complaint with the RERA Authority3 and claim damages. If he is aggrieved by the AMF`s order, he can file an appeal with the Court of Appeal for Real Estate Regulation under Sec 44 of the RERA Act 2016. In the future, a sale agreement is to be promised that the property will be transferred to the rightful owner, while the value of the sale is the actual transfer of the buyer`s property. What the sales contract creates is the buyer`s right to acquire the property in question in 1996, 1996.
Similarly, the seller obtains the right to obtain the buyer`s consideration in accordance with his part of the terms and conditions.