SALE AGREEMENT AND CONSTRUCTION AGREEMENT


Generally, the developers, who are not builders, enter into agreement through works contract to build the apartments.  Wherein, such activities attract VAT and SERVICE TAX. The average buyer has to enter into two agreements.  One, for the undivided share of the land,( Agreement to sell)and the other, construction agreement.  Executing two agreements confuses the buyer.  … Continue reading SALE AGREEMENT AND CONSTRUCTION AGREEMENT

DAUGHTER HAS EQUAL RIGHT IN THE HUF PROPERTY -THE ACT


THE HINDU SUCCESSION (KARNATAKA AMENDMENT) ACT, 1990. ARRANGEMENT OF SECTIONS Sections : 1. Short title and commencement. 2. Insertion of new sections in Central Act XXX of 1956. STATEMENT OF OBJECTS AND REASONS Act 23 of 1994.- Social justice requires that a woman should have economic independence and social security. The Mitakshara personal law in … Continue reading DAUGHTER HAS EQUAL RIGHT IN THE HUF PROPERTY -THE ACT

COMMENCEMENT CERTIFICATE IS MANDATORY FOR ALL APARTMENT COMPLEXES-DO YOU HAVE IT?


Commencement certificate is a certificate and an official document issued by the local Town planning or Municipal Authorities to allow or permit the builder to begin construction or work, once all norms, licenses, permissions and consents have been obtained from the concerned or appropriate statutory authorities. After laying the foundation for the super-structure, the owner … Continue reading COMMENCEMENT CERTIFICATE IS MANDATORY FOR ALL APARTMENT COMPLEXES-DO YOU HAVE IT?